ME Group International (LON:MEGP) Announces Quarterly Earnings Results

ME Group International (LON:MEGP) announced its quarterly earnings results on Monday. The company reported GBX 14.36 ($0.18) EPS for the quarter, Digital Look Earnings reports. ME Group International had a return on equity of 32.52% and a net margin of 17.39%.

ME Group International Price Performance

LON MEGP traded up GBX 3 ($0.04) during mid-day trading on Wednesday, reaching GBX 221 ($2.80). The stock had a trading volume of 153,210 shares, compared to its average volume of 625,932. The stock has a market cap of £840.06 million, a PE ratio of 15.87 and a beta of 1.20. ME Group International has a 1 year low of GBX 155.20 ($1.97) and a 1 year high of GBX 235.50 ($2.98). The company has a fifty day moving average price of GBX 210.71 and a 200 day moving average price of GBX 206.42.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MEGP shares. Canaccord Genuity Group upped their target price on ME Group International from GBX 203 ($2.57) to GBX 235 ($2.98) and gave the stock a “buy” rating in a report on Tuesday. Berenberg Bank restated a “buy” rating and issued a GBX 270 ($3.42) price target on shares of ME Group International in a research note on Wednesday, December 4th.

ME Group International Company Profile

ME Group International plc (LSE: MEGP) operates, sells and services a wide range of instant-service vending equipment, primarily aimed at the consumer market.

The Group operates vending units across 18 countries and its technological innovation is focused on four principal areas:

• Photo.ME – Photobooths and integrated biometric
identification solutions
• Wash.ME – Unattended laundry services and launderettes
• Print.ME – High-quality digital printing kiosks
• Feed.ME – Vending equipment for the food service market

In addition, the Group operates other vending equipment such as children’s rides, amusement machines, and business service equipment.

Whilst the Group both sells and services this equipment, the majority of units are owned, operated and maintained by the Group.