ME Group International (LON:MEGP) Reaches New 12-Month High – Still a Buy?

ME Group International plc (LON:MEGP)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 214 ($2.78) and last traded at GBX 208.50 ($2.71), with a volume of 200107 shares. The stock had previously closed at GBX 211 ($2.74).

Analyst Upgrades and Downgrades

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

ME Group International Price Performance

The firm’s 50 day moving average price is GBX 194.57 and its 200-day moving average price is GBX 180.75. The stock has a market cap of £800.62 million, a P/E ratio of 1,517.86 and a beta of 1.20.

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.