ME Group International (LON:MEGP – Get Free Report) released its earnings results on Monday. The company reported GBX 14.36 ($0.18) earnings per share for the quarter, Digital Look Earnings reports. ME Group International had a net margin of 17.39% and a return on equity of 32.52%.
ME Group International Price Performance
Shares of MEGP stock opened at GBX 218.85 ($2.77) on Wednesday. The company has a market cap of £831.90 million, a price-to-earnings ratio of 15.72 and a beta of 1.20. ME Group International has a 1 year low of GBX 155.20 ($1.97) and a 1 year high of GBX 235.50 ($2.98). The firm has a fifty day moving average price of GBX 210.71 and a 200-day moving average price of GBX 206.42.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on MEGP shares. Canaccord Genuity Group raised their price objective on ME Group International from GBX 203 ($2.57) to GBX 235 ($2.98) and gave the company a “buy” rating in a research report on Tuesday. Berenberg Bank restated a “buy” rating and set a GBX 270 ($3.42) price target on shares of ME Group International in a report on Wednesday, December 4th.
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.
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