Shares of ME Group International plc (LON:MEGP - Get Free Report) were down 9.1% during mid-day trading on Friday . The stock traded as low as GBX 196 ($2.51) and last traded at GBX 200 ($2.56). Approximately 23,768,385 shares changed hands during trading, an increase of 1,925% from the average daily volume of 1,173,753 shares. The stock had previously closed at GBX 220 ($2.81).
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on MEGP shares. Canaccord Genuity Group lifted their target price on shares of ME Group International from GBX 203 ($2.60) to GBX 235 ($3.01) and gave the company a "buy" rating in a report on Tuesday, February 25th. Berenberg Bank restated a "buy" rating and issued a GBX 270 ($3.45) price objective on shares of ME Group International in a report on Wednesday, December 4th.
Check Out Our Latest Analysis on ME Group International
ME Group International Stock Up 0.1 %
The firm's fifty day simple moving average is GBX 210.58 and its two-hundred day simple moving average is GBX 207.06. The firm has a market cap of £752.41 million, a PE ratio of 14.21 and a beta of 1.20.
ME Group International (LON:MEGP - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The company reported GBX 14.36 ($0.18) EPS for the quarter. ME Group International had a net margin of 17.39% and a return on equity of 32.52%. As a group, analysts anticipate that ME Group International plc will post 15.5344418 earnings per share for the current fiscal year.
ME Group International Company Profile
(
Get Free Report)
ME Group International plc LSE: MEGP operates, sells and services a wide range of instant-service vending equipment, primarily aimed at the consumer market.
The Group operates vending units across 18 countries and its technological innovation is focused on four principal areas:
• Photo.ME - Photobooths and integrated biometric
identification solutions
• Wash.ME - Unattended laundry services and launderettes
• Print.ME - High-quality digital printing kiosks
• Feed.ME - Vending equipment for the food service market
In addition, the Group operates other vending equipment such as children's rides, amusement machines, and business service equipment.
Whilst the Group both sells and services this equipment, the majority of units are owned, operated and maintained by the Group.
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