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

Receive News & Ratings for ME Group International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ME Group International and related companies with MarketBeat.com's FREE daily email newsletter.