ME Group International’s (MEGP) “Buy” Rating Reaffirmed at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of ME Group International (LON:MEGP) in a research report sent to investors on Monday morning, MarketBeat Ratings reports. They currently have a GBX 305 ($4.13) price objective on the stock.

Separately, Canaccord Genuity Group upped their price target on ME Group International from GBX 203 ($2.75) to GBX 235 ($3.18) and gave the stock a “buy” rating in a report on Tuesday, February 25th.

ME Group International Stock Up 1.1%

MEGP opened at GBX 219 ($2.97) on Monday. The business has a 50 day moving average price of GBX 198.54 and a two-hundred day moving average price of GBX 205.16. The company has a market cap of £832.46 million, a PE ratio of 15.73 and a beta of 1.20. ME Group International has a 52 week low of GBX 160.20 ($2.17) and a 52 week high of GBX 235.50 ($3.19).

About ME Group International

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.