Shares of ME Group International plc (LON:MEGP - Get Free Report) shot up 4.1% during trading on Monday . The stock traded as high as GBX 187.60 ($2.49) and last traded at GBX 185.80 ($2.47). 614,610 shares were traded during mid-day trading, a decline of 44% from the average session volume of 1,094,703 shares. The stock had previously closed at GBX 178.40 ($2.37).
Analysts Set New Price Targets
Separately, Canaccord Genuity Group boosted their target price on shares of ME Group International from GBX 203 ($2.70) to GBX 235 ($3.12) and gave the company a "buy" rating in a research note on Tuesday, February 25th.
Read Our Latest Stock Analysis on MEGP
ME Group International Price Performance
The stock has a market capitalization of £736.24 million, a P/E ratio of 13.91 and a beta of 1.20. The company has a 50 day simple moving average of GBX 196.59 and a 200-day simple moving average of GBX 206.01.
ME Group International (LON:MEGP - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The company reported GBX 14.36 ($0.19) earnings per share (EPS) for the quarter. ME Group International had a return on equity of 32.52% and a net margin of 17.39%. As a group, equities analysts forecast that ME Group International plc will post 15.5344418 earnings per share for the current fiscal year.
ME Group International Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 24th will be issued a GBX 4.45 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, April 24th. This is an increase from ME Group International's previous dividend of $3.45. This represents a yield of 2.36%. ME Group International's dividend payout ratio (DPR) is 57.45%.
About ME Group International
(
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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