ME Group International (LON:MEGP) Reaches New 12-Month High – Still a Buy?

ME Group International plc (LON:MEGP) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 214 ($2.78) and last traded at GBX 208.50 ($2.71), with a volume of 200107 shares trading hands. The stock had previously closed at GBX 211 ($2.74).

Analyst Ratings Changes

MEGP has been the topic of several research analyst reports. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 203 ($2.64) price target on shares of ME Group International in a research report on Tuesday, July 16th. Berenberg Bank reiterated a “buy” rating and set a GBX 200 ($2.60) price target on shares of ME Group International in a research report on Monday, July 15th.

ME Group International Price Performance

The firm’s 50 day moving average is GBX 194.57 and its 200 day moving average is GBX 180.75. The firm has a market cap of £800.62 million, a P/E ratio of 1,517.86 and a beta of 1.20.

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.