Canaccord Genuity Group Reiterates Buy Rating for ME Group International (LON:MEGP)

Key Points

• Canaccord Genuity Group reiterated a Buy rating on ME Group and set a target price of GBX 220, implying roughly a 65.8% upside from the company's current price.
• ME Group shows strong profitability with a P/E of 8.82, reported GBX 15 EPS last quarter, a return on equity of 30.42% and a net margin of 18.33%, while analysts expect about GBX 15.53 EPS for the year.
• The board announced an open‑market share buyback plan—typically a signal management views shares as undervalued (filing oddly references "0 outstanding shares")—and the group operates over 48,000 vending units across 16 countries in photo, laundry and other self‑service segments.

ME Group International (LON:MEGP - Get Free Report)'s stock had its "buy" rating restated by Canaccord Genuity Group in a research note issued to investors on Friday,London Stock Exchange reports. They presently have a GBX 220 target price on the stock. Canaccord Genuity Group's price objective indicates a potential upside of 65.78% from the company's current price.

ME Group International Price Performance

LON MEGP opened at GBX 132.71 on Friday. The stock has a market capitalization of £501.26 million, a P/E ratio of 8.82 and a beta of 1.20. The business has a 50 day simple moving average of GBX 138.16 and a 200 day simple moving average of GBX 158.98. ME Group International has a one year low of GBX 112.20 and a one year high of GBX 237.50.

ME Group International (LON:MEGP - Get Free Report) last issued 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 30.42% and a net margin of 18.33%. Equities analysts expect that ME Group International will post 15.5344418 earnings per share for the current year.

ME Group International declared that its board has initiated a share buyback plan on Monday, March 23rd that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are undervalued.

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. 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.

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