ME Group International (LON:MEGP) Trading Up 6.9% – Still a Buy?

Shares of ME Group International plc (LON:MEGP) rose 6.9% on Thursday . The company traded as high as GBX 145 and last traded at GBX 144.10. Approximately 1,024,619 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 2,100,048 shares. The stock had previously closed at GBX 134.80.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 220 price target on shares of ME Group International in a report on Friday, March 27th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 248.33.

ME Group International Price Performance

The business’s fifty day moving average is GBX 141.33 and its 200-day moving average is GBX 148.59. The firm has a market cap of £542.42 million, a PE ratio of 9.66 and a beta of 0.48.

ME Group International (LON:MEGP) last posted its quarterly earnings data on Monday, March 23rd. The company reported GBX 15 EPS for the quarter. ME Group International had a return on equity of 27.72% and a net margin of 17.94%. Analysts forecast that ME Group International plc will post 15.5344418 EPS for the current year.

ME Group International declared that its board has authorized a stock repurchase program on Monday, March 23rd that allows the company to repurchase 0 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

ME Group International Company Profile

ME Group International plc (LSE: MEGP) is an international market leader in automated self-service equipment aimed at the consumer market, with over 49,000 vending units currently in operation.

The Group operates, sells and services a wide range of instant-service vending equipment across 16 countries in its key regions of Continental Europe, the UK & Republic of Ireland and Asia Pacific. The Group’s services include:

Core activities:
• Photo.ME – Photobooths and integrated biometric identification solutions
• Wash.ME – Unattended laundry services and launderettes

Ancillary activities:
• Print.ME – High-quality digital printing kiosks
• Other vending – Primarily foodservice vending equipment (Feed.ME), Children’s rides (Amuse.ME), Photocopier services (Copy.ME)

The Group has a proven track record of innovation and diversification of its products and services, enabling it to respond to the evolving needs of its customers and consumers.

The Group benefits from well-established partnerships and long-term contracts with major site owners in attractive, high-footfall locations, enabling it to offer multiple products and services onsite.