ME Group International (LON:MEGP) Hits New 12-Month Low – What’s Next?

ME Group International plc (LON:MEGP)’s stock price hit a new 52-week low on Tuesday . The company traded as low as GBX 104.20 and last traded at GBX 107.44, with a volume of 10618940 shares changing hands. The stock had previously closed at GBX 147.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 220 target price on shares of ME Group International in a research note on Friday, March 27th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 220.

ME Group International Stock Down 26.9%

The firm has a fifty day moving average of GBX 142.49 and a 200-day moving average of GBX 145.09. The firm has a market cap of £404.40 million, a P/E ratio of 7.21 and a beta of 0.48.

ME Group International (LON:MEGP) last posted its quarterly earnings results on Monday, March 23rd. The company reported GBX 15 earnings per share (EPS) for the quarter. ME Group International had a return on equity of 27.72% and a net margin of 17.94%. Sell-side analysts anticipate that ME Group International plc will post 15.5344418 EPS for the current year.

ME Group International declared that its board has initiated a stock repurchase plan on Monday, March 23rd that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

ME Group International Company Profile

ME Group International plc (LSE: MEGP) is an international market leader in automated self-service equipment aimed at the consumer market, with over 49,000 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. The Group’s services include:

Core activities:
• Photo.ME – Photobooths and integrated biometric identification solutions
• Wash.ME – Unattended laundry services and launderettes

Ancillary activities:
• Print.ME – High-quality digital printing kiosks
• Other vending – Primarily foodservice vending equipment (Feed.ME), Children’s rides (Amuse.ME), Photocopier services (Copy.ME)

The Group has a proven track record of innovation and diversification of its products and services, enabling it to respond to the evolving needs of its customers and consumers.

The Group benefits from well-established partnerships and long-term contracts with major site owners in attractive, high-footfall locations, enabling it to offer multiple products and services onsite.