ME Group International (LON:MEGP) Hits New 52-Week Low – What’s Next?

ME Group International plc (LON:MEGP)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 104.20 and last traded at GBX 107.44, with a volume of 10618940 shares changing hands. The stock had previously closed at GBX 147.

Wall Street Analysts Forecast Growth

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

ME Group International Stock Up 2.4%

The stock has a fifty day moving average of GBX 141.19 and a 200-day moving average of GBX 144.33. The firm has a market capitalization of £386.20 million, a P/E ratio of 6.88 and a beta of 0.48.

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

ME Group International declared that its board has initiated a share buyback plan on Monday, March 23rd that allows the company to repurchase 0 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership 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.