ME Group International's (MEGP) "Buy" Rating Reiterated at Berenberg Bank

ME Group International (LON:MEGP - Get Free Report)'s stock had its "buy" rating reiterated by investment analysts at Berenberg Bank in a research report issued to clients and investors on Monday, MarketBeat.com reports. They presently have a GBX 305 ($4.12) price target on the stock. Berenberg Bank's target price indicates a potential upside of 39.59% from the stock's previous close.

Separately, Canaccord Genuity Group lifted their target price on ME Group International from GBX 203 ($2.74) to GBX 235 ($3.18) and gave the company a "buy" rating in a research note on Tuesday, February 25th.

ME Group International Stock Down 0.2%

MEGP stock traded down GBX 0.50 ($0.01) during trading on Monday, hitting GBX 218.50 ($2.95). The company had a trading volume of 253,458 shares, compared to its average volume of 864,412. The firm has a 50-day moving average price of GBX 199.05 and a 200-day moving average price of GBX 205.25. ME Group International has a 12 month low of GBX 160.20 ($2.17) and a 12 month high of GBX 235.50 ($3.18). The stock has a market cap of £830.56 million, a price-to-earnings ratio of 15.69 and a beta of 1.20.

ME Group International Company Profile

ME Group International plc LSE: MEGP operates, sells and services a wide range of instant-service vending equipment, primarily aimed at the consumer market. The Group operates vending units across 18 countries and its technological innovation is focused on four principal areas: • Photo.ME - Photobooths and integrated biometric identification solutions • Wash.ME - Unattended laundry services and launderettes • Print.ME - High-quality digital printing kiosks • Feed.ME - Vending equipment for the food service market In addition, the Group operates other vending equipment such as children's rides, amusement machines, and business service equipment. Whilst the Group both sells and services this equipment, the majority of units are owned, operated and maintained by the Group.