ME Group International (LON:MEGP) Reaches New 1-Year High – Here’s What Happened

Posted by Eileen French on Nov 6th, 2024

ME Group International plc (LON:MEGP – Get Free Report)’s stock price hit a new 52-week high on Wednesday . The company traded as high as GBX 227 ($2.95) and last traded at GBX 225.74 ($2.94), with a volume of 28039 shares traded. The stock had previously closed at GBX 220 ($2.86).

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MEGP. Berenberg Bank restated a “buy” rating and issued a GBX 200 ($2.60) target price on shares of ME Group International in a report on Monday, July 15th. Canaccord Genuity Group restated a “buy” rating and set a GBX 203 ($2.64) target price on shares of ME Group International in a research report on Tuesday, July 16th.

Get Our Latest Research Report on ME Group International

ME Group International Trading Up 3.3 %

The company has a 50 day simple moving average of GBX 197.90 and a two-hundred day simple moving average of GBX 183.26. The firm has a market capitalization of £856.22 million, a P/E ratio of 1,571.43 and a beta of 1.20.

ME Group International Company Profile

(Get Free Report)

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.