ME Group International (LON:MEGP) Stock Price Up 0.2% - What's Next?

Key Points

• ME Group International saw a 0.2% increase in its stock price, trading at GBX 217 ($2.89) with a volume drop of 48% compared to its average session.
• Berenberg Bank has reissued a "buy" rating for ME Group International, setting a price target of GBX 305 ($4.06).
• The company operates across 18 countries with a focus on vending equipment, including photo booths, laundry services, digital printing kiosks, and food vending solutions.

Shares of ME Group International plc (LON:MEGP - Get Free Report) were up 0.2% during mid-day trading on Tuesday . The stock traded as high as GBX 223.29 ($2.98) and last traded at GBX 217 ($2.90). Approximately 415,838 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 799,438 shares. The stock had previously closed at GBX 216.50 ($2.89).

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a "buy" rating and set a GBX 305 ($4.07) target price on shares of ME Group International in a research report on Monday, June 2nd.

ME Group International Trading Up 0.2%

The firm has a market cap of £826.76 million, a P/E ratio of 15.62 and a beta of 1.20. The stock's fifty day moving average is GBX 220.04 and its two-hundred day moving average is GBX 208.34.

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.