ME Group International (LON:MEGP) Posts Quarterly Earnings Results

ME Group International (LON:MEGP) issued its earnings results on Monday. The company reported GBX 14.36 ($0.18) earnings per share (EPS) for the quarter, Digital Look Earnings reports. ME Group International had a return on equity of 32.52% and a net margin of 17.39%.

ME Group International Stock Up 0.4 %

MEGP stock opened at GBX 218.85 ($2.77) on Wednesday. ME Group International has a twelve month low of GBX 155.20 ($1.97) and a twelve month high of GBX 235.50 ($2.98). The firm has a market cap of £831.90 million, a price-to-earnings ratio of 15.72 and a beta of 1.20. The business’s fifty day simple moving average is GBX 210.71 and its two-hundred day simple moving average is GBX 206.42.

Analysts Set New Price Targets

A number of research analysts have weighed in on MEGP shares. Berenberg Bank reiterated a “buy” rating and set a GBX 270 ($3.42) price objective on shares of ME Group International in a research report on Wednesday, December 4th. Canaccord Genuity Group upped their price target on shares of ME Group International from GBX 203 ($2.57) to GBX 235 ($2.98) and gave the company a “buy” rating in a report on Tuesday.

About ME Group International

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.