ME Group International (LON:MEGP) Shares Down 0.2% – Here’s Why

Shares of ME Group International plc (LON:MEGPGet Free Report) traded down 0.2% during mid-day trading on Wednesday . The stock traded as low as GBX 200 ($2.70) and last traded at GBX 201 ($2.71). 349,014 shares traded hands during trading, a decline of 54% from the average session volume of 756,571 shares. The stock had previously closed at GBX 201.50 ($2.72).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 305 price target on shares of ME Group International in a report on Monday, June 2nd. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 270.

View Our Latest Stock Report on MEGP

ME Group International Stock Performance

The firm has a market cap of £764.04 million, a price-to-earnings ratio of 14.43 and a beta of 1.20. The business’s 50 day moving average price is GBX 218.23 and its 200-day moving average price is GBX 208.09.

About ME Group International

(Get Free Report)

ME Group International plc (LSE: MEGP) is an international market leader in automated self-service equipment aimed at the consumer market, with over 48,000 vending units currently in operation.

The Group operates, sells and services a wide range of instant-service vending equipment across 16 countries in its key regions of Continental Europe, the UK & Republic of Ireland and Asia Pacific.

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