Canaccord Genuity Group Reaffirms Buy Rating for ME Group International (LON:MEGP)

ME Group International (LON:MEGP)‘s stock had its “buy” rating reissued by stock analysts at Canaccord Genuity Group in a note issued to investors on Tuesday, Marketbeat Ratings reports. They presently have a GBX 203 ($2.63) target price on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 10.93% from the stock’s previous close.

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 200 ($2.59) price objective on shares of ME Group International in a research note on Monday.

ME Group International Stock Up 0.1 %

LON MEGP opened at GBX 183 ($2.37) on Tuesday. The stock’s 50 day moving average is GBX 171.03 and its 200 day moving average is GBX 157.11. The firm has a market capitalization of £688.92 million, a PE ratio of 1,407.69 and a beta of 1.11. ME Group International has a twelve month low of GBX 116.70 ($1.51) and a twelve month high of GBX 185.20 ($2.40).

Insider Buying and Selling at ME Group International

In related news, insider Jean-Marc Janailhac purchased 27,000 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was acquired at an average price of GBX 157 ($2.04) per share, with a total value of £42,390 ($54,973.41). 37.33% of the stock is currently owned by corporate insiders.

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.