ME Group International (LON:MEGP) Stock Price Down 25.2% – Here’s Why

ME Group International plc (LON:MEGP) shares fell 25.2% on Monday . The company traded as low as GBX 106 and last traded at GBX 109.96. 7,027,867 shares changed hands during trading, an increase of 207% from the average session volume of 2,289,160 shares. The stock had previously closed at GBX 147.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 220 price target on shares of ME Group International in a research note on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 220.

ME Group International Price Performance

The company has a market cap of £404.66 million, a P/E ratio of 7.21 and a beta of 0.48. The stock has a 50-day moving average of GBX 142.49 and a 200 day moving average of GBX 145.09.

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

ME Group International announced that its board has initiated a stock buyback program on Monday, March 23rd that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is 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.