Peel Hunt Lowers ME Group International (LON:MEGP) Price Target to GBX 220

ME Group International (LON:MEGP) had its target price dropped by research analysts at Peel Hunt from GBX 235 to GBX 220 in a research note issued to investors on Monday, MarketBeat reports. The firm currently has a “buy” rating on the stock. Peel Hunt’s price objective would suggest a potential upside of 36.31% from the stock’s current price.

ME Group International Stock Performance

Shares of MEGP opened at GBX 161.40 on Monday. The company has a 50 day moving average price of GBX 186.21 and a 200-day moving average price of GBX 204.48. ME Group International has a fifty-two week low of GBX 160 and a fifty-two week high of GBX 237.50. The stock has a market capitalization of £609.64 million, a PE ratio of 10.73 and a beta of 1.20.

ME Group International Company Profile

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.