ME Group International plc (LON:MEGP - Get Free Report) shares traded up 9% on Thursday . The stock traded as high as GBX 230 ($3.09) and last traded at GBX 230 ($3.09). 4,082,390 shares changed hands during trading, an increase of 388% from the average session volume of 837,333 shares. The stock had previously closed at GBX 211 ($2.83).
Analyst Ratings Changes
Several equities analysts recently weighed in on MEGP shares. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 305 ($4.09) price objective on shares of ME Group International in a research note on Monday, June 2nd. Canaccord Genuity Group raised their price target on ME Group International from GBX 203 ($2.73) to GBX 235 ($3.15) and gave the company a "buy" rating in a research report on Tuesday, February 25th.
Check Out Our Latest Stock Analysis on ME Group International
ME Group International Stock Performance
The company's fifty day simple moving average is GBX 207.88 and its two-hundred day simple moving average is GBX 204.91. The stock has a market capitalization of £868.57 million, a PE ratio of 16.41 and a beta of 1.20.
ME Group International Company Profile
(
Get Free Report)
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.
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