ME Group International (LON:MEGP) Sets New 52-Week Low Following Analyst Downgrade

ME Group International plc (LON:MEGP)’s share price hit a new 52-week low during trading on Monday after Peel Hunt lowered their price target on the stock from GBX 235 to GBX 220. Peel Hunt currently has a buy rating on the stock. ME Group International traded as low as GBX 164.56 and last traded at GBX 165.40, with a volume of 677935 shares. The stock had previously closed at GBX 175.

ME Group International Trading Down 5.5%

The firm has a market capitalization of £624.75 million, a P/E ratio of 11.00 and a beta of 1.20. The stock has a 50-day simple moving average of GBX 187.58 and a two-hundred day simple moving average of GBX 204.88.

About ME Group International

ME Group International plc (LSE: MEGP) is an international market leader in automated self-service equipment aimed at the consumer market, with over 48,000 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.