ME Group International (LON:MEGP) Trading Up 0.7% – Here’s Why

ME Group International plc (LON:MEGP)’s stock price shot up 0.7% on Tuesday . The stock traded as high as GBX 163.40 and last traded at GBX 162.12. 5,808,536 shares were traded during mid-day trading, an increase of 707% from the average session volume of 719,768 shares. The stock had previously closed at GBX 161.

Analysts Set New Price Targets

Separately, Peel Hunt dropped their price target on shares of ME Group International from GBX 235 to GBX 220 and set a “buy” rating for the company in a research note on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 253.33.

ME Group International Trading Up 0.7%

The stock has a market capitalization of £612.36 million, a price-to-earnings ratio of 10.78 and a beta of 1.20. The firm’s fifty day moving average price is GBX 174.16 and its 200 day moving average price is GBX 197.60.

About ME Group International

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.