ME Group International (LON:MEGP) Shares Down 1.6%

ME Group International plc (LON:MEGP) fell 1.6% on Tuesday . The stock traded as low as GBX 158.14 ($1.99) and last traded at GBX 159.80 ($2.01). 525,894 shares traded hands during trading, a decline of 0% from the average session volume of 526,707 shares. The stock had previously closed at GBX 162.40 ($2.04).

Analyst Ratings Changes

Several brokerages have recently weighed in on MEGP. Canaccord Genuity Group upped 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 report on Wednesday, February 28th. Berenberg Bank restated a “buy” rating and issued a GBX 200 ($2.51) target price on shares of ME Group International in a report on Thursday, February 22nd.

ME Group International Stock Performance

The company has a market capitalization of £600.99 million, a PE ratio of 1,229.23 and a beta of 1.11. The stock’s 50 day moving average is GBX 165.15 and its 200 day moving average is GBX 143.85.

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 is a boost from ME Group International’s previous dividend of $2.97. This represents a yield of 3.33%. ME Group International’s dividend payout ratio is currently 5,384.62%.

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.