ME Group International (LON:MEGP) Stock Price Down 0.3% – Here’s Why

ME Group International plc (LON:MEGP)’s stock price fell 0.3% during trading on Friday . The stock traded as low as GBX 182.40 ($2.36) and last traded at GBX 185.20 ($2.39). 685,633 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 1,200,022 shares. The stock had previously closed at GBX 185.80 ($2.40).

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MEGP shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 270 ($3.49) target price on shares of ME Group International in a research note on Wednesday, December 4th. Canaccord Genuity Group lifted their price objective on ME Group International from GBX 203 ($2.62) to GBX 235 ($3.03) and gave the company a “buy” rating in a research report on Tuesday, February 25th.

ME Group International Stock Down 0.3 %

The firm has a market cap of £703.98 million, a P/E ratio of 13.30 and a beta of 1.20. The business has a fifty day simple moving average of GBX 206.89 and a 200-day simple moving average of GBX 206.75.

ME Group International (LON:MEGP) last released its earnings results on Monday, February 24th. The company reported GBX 14.36 ($0.19) earnings per share for the quarter. ME Group International had a net margin of 17.39% and a return on equity of 32.52%. On average, sell-side analysts anticipate that ME Group International plc will post 15.5344418 EPS for the current fiscal year.

ME Group International Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, April 24th will be paid a dividend of GBX 4.45 ($0.06) per share. This is an increase from ME Group International’s previous dividend of $3.45. The ex-dividend date is Thursday, April 24th. This represents a dividend yield of 2.36%. ME Group International’s dividend payout ratio (DPR) is currently 57.45%.

About ME Group International

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.