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

Berenberg Bank reaffirmed their buy rating on shares of ME Group International (LON:MEGP) in a report published on Monday morning, MarketBeat reports. They currently have a GBX 200 ($2.59) target price on the stock.

ME Group International Price Performance

Shares of LON:MEGP opened at GBX 184.40 ($2.39) on Monday. The business’s 50 day moving average price is GBX 171.03 and its 200-day moving average price is GBX 157.11. The firm has a market capitalization of £694.19 million, a PE ratio of 1,418.46 and a beta of 1.11. ME Group International has a 1 year low of GBX 116.70 ($1.51) and a 1 year high of GBX 186.84 ($2.42).

ME Group International Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 7th will be paid a dividend of GBX 3.45 ($0.04) per share. This represents a yield of 1.9%. The ex-dividend date of this dividend is Thursday, November 7th. ME Group International’s dividend payout ratio (DPR) is currently 5,384.62%.

Insiders Place Their Bets

In related news, insider Jean-Marc Janailhac acquired 27,000 shares of the stock in a transaction on Thursday, May 9th. The shares were bought 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.

ME Group International Company Profile

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.