ME Group International (LON:MEGP) Price Target Raised to GBX 235 at Canaccord Genuity Group

ME Group International (LON:MEGP) had its target price increased by investment analysts at Canaccord Genuity Group from GBX 203 ($2.57) to GBX 235 ($2.98) in a research note issued to investors on Tuesday, Marketbeat.com reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 6.82% from the company’s previous close.

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 270 ($3.42) price target on shares of ME Group International in a report on Wednesday, December 4th.

ME Group International Price Performance

LON:MEGP opened at GBX 220 ($2.79) on Tuesday. ME Group International has a 1-year low of GBX 155.20 ($1.97) and a 1-year high of GBX 235.50 ($2.99). The company has a 50-day moving average of GBX 210.90 and a 200 day moving average of GBX 206.64. The firm has a market cap of £836.26 million, a PE ratio of 15.80 and a beta of 1.20.

ME Group International (LON:MEGP) last released its quarterly earnings data on Monday, February 24th. The company reported GBX 14.36 ($0.18) earnings per share (EPS) for the quarter. ME Group International had a net margin of 17.39% and a return on equity of 32.52%. Sell-side analysts anticipate that ME Group International will post 15.5344418 EPS for the current fiscal year.

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.