Berenberg Bank Reaffirms Buy Rating for ME Group International (LON:MEGP)

ME Group International (LON:MEGP)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a research note issued on Monday, MarketBeat.com reports. They currently have a GBX 305 ($4.12) price target on the stock. Berenberg Bank’s price objective suggests a potential upside of 39.59% from the stock’s previous close.

Separately, Canaccord Genuity Group boosted their target price on shares of ME Group International from GBX 203 ($2.74) to GBX 235 ($3.18) and gave the company a “buy” rating in a research note on Tuesday, February 25th.

ME Group International Price Performance

LON:MEGP opened at GBX 218.50 ($2.95) on Monday. The company’s 50-day simple moving average is GBX 199.05 and its 200 day simple moving average is GBX 205.25. The firm has a market capitalization of £830.56 million, a P/E ratio of 15.69 and a beta of 1.20. ME Group International has a one year low of GBX 160.20 ($2.17) and a one year high of GBX 235.50 ($3.18).

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.