ME Group International (LON:MEGP) Sets New 1-Year High at $179.60

ME Group International plc (LON:MEGP)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as GBX 179.60 ($2.25) and last traded at GBX 176.50 ($2.22), with a volume of 114812 shares. The stock had previously closed at GBX 167.80 ($2.11).

Analyst Ratings Changes

MEGP has been the subject of several research reports. Canaccord Genuity Group raised their price objective on shares of ME Group International from GBX 158 ($1.98) to GBX 203 ($2.55) and gave the company a “buy” rating in a research report on Wednesday, February 28th. Berenberg Bank restated a “buy” rating and set a GBX 200 ($2.51) price target on shares of ME Group International in a report on Thursday, February 22nd.

ME Group International Trading Up 4.3 %

The firm has a market capitalization of £658.22 million, a PE ratio of 1,290.77 and a beta of 1.12. The firm’s fifty day moving average price is GBX 152.94 and its 200 day moving average price is GBX 142.29.

ME Group International Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, April 25th will be paid a GBX 4.42 ($0.06) dividend. The ex-dividend date is Thursday, April 25th. This represents a yield of 3.33%. This is an increase from ME Group International’s previous dividend of $2.97. ME Group International’s payout ratio is 5,384.62%.

ME Group International Company Profile

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.