ME Group International (LON:MEGP) Earns “Buy” Rating from Berenberg Bank

ME Group International (LON:MEGP)‘s stock had its “buy” rating reissued by research analysts at Berenberg Bank in a research report issued on Wednesday, Marketbeat Ratings reports. They currently have a GBX 270 ($3.45) price target on the stock. Berenberg Bank’s price target indicates a potential upside of 22.73% from the stock’s previous close.

ME Group International Stock Down 1.3 %

Shares of LON:MEGP opened at GBX 220 ($2.81) on Wednesday. The company has a market cap of £828.87 million, a price-to-earnings ratio of 1,571.43 and a beta of 1.20. The firm’s 50-day simple moving average is GBX 211.98 and its 200-day simple moving average is GBX 192.13. ME Group International has a fifty-two week low of GBX 116.70 ($1.49) and a fifty-two week high of GBX 235.50 ($3.00).

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.