ME Group International plc (LON:MEGP) Declares GBX 3.45 Dividend

ME Group International plc (LON:MEGP) declared a dividend on Monday, July 15th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, November 7th will be paid a dividend of GBX 3.45 ($0.04) per share on Friday, November 29th. This represents a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, November 7th. The official announcement can be viewed at this link.

ME Group International Price Performance

Shares of MEGP opened at GBX 182.69 ($2.34) on Monday. ME Group International has a one year low of GBX 116.70 ($1.49) and a one year high of GBX 184.67 ($2.37). The company has a market cap of £687.74 million, a PE ratio of 1,406.55 and a beta of 1.11. The stock has a 50-day moving average of GBX 169.69 and a 200-day moving average of GBX 156.15.

Insider Activity at ME Group International

In other news, insider Jean-Marc Janailhac purchased 27,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were bought at an average cost of GBX 157 ($2.01) per share, with a total value of £42,390 ($54,297.43). 37.33% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 200 ($2.56) target price on shares of ME Group International in a research report on Monday, June 10th.

About ME Group International

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.