ME Group International (LON:MEGP) Given Buy Rating at Berenberg Bank

ME Group International (LON:MEGPGet Free Report)‘s stock had its “buy” rating reiterated by equities research analysts at Berenberg Bank in a research report issued to clients and investors on Monday, Marketbeat reports. They presently have a GBX 200 ($2.56) price target on the stock. Berenberg Bank’s target price would indicate a potential upside of 23.01% from the stock’s current price.

Separately, Canaccord Genuity Group lifted their price objective on shares of ME Group International from GBX 158 ($2.02) to GBX 203 ($2.60) and gave the stock a “buy” rating in a report on Wednesday, February 28th.

Check Out Our Latest Stock Analysis on MEGP

ME Group International Stock Down 4.6 %

Shares of LON:MEGP opened at GBX 162.59 ($2.08) on Monday. The stock has a market cap of £612.08 million, a price-to-earnings ratio of 1,249.23 and a beta of 1.11. The business’s 50 day moving average is GBX 166.94 and its 200 day moving average is GBX 148.66. ME Group International has a 12-month low of GBX 116.70 ($1.50) and a 12-month high of GBX 183.80 ($2.35).

Insider Transactions at ME Group International

In other ME Group International news, insider Jean-Marc Janailhac acquired 27,000 shares of ME Group International stock in a transaction on Thursday, May 9th. The stock was purchased at an average price of GBX 157 ($2.01) per share, for a total transaction of £42,390 ($54,311.34). Company insiders own 37.33% of the company’s stock.

About ME Group International

(Get Free Report)

ME Group International plc operates, sells, and services a range of instant-service equipment in the United Kingdom. The company operates through Asia Pacific, Continental Europe, and United Kingdom and Ireland segments. It operates coin-operated automatic photobooths for identification and fun purposes, as well as vending equipment, including digital photo kiosks, laundry machines, business service equipment, amusement machines, and children's rides.

Further Reading

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