ME Group International (LON:MEGP) Hits New 52-Week High – Time to Buy?

Posted by Latisha Jones on Nov 8th, 2024

ME Group International plc (LON:MEGP – Get Free Report)’s stock price hit a new 52-week high on Wednesday . The company traded as high as GBX 227 ($2.95) and last traded at GBX 225.74 ($2.94), with a volume of 28039 shares. The stock had previously closed at GBX 220 ($2.86).

Wall Street Analyst Weigh In

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

Get Our Latest Stock Report on ME Group International

ME Group International Trading Down 0.7 %

The stock has a market cap of £843.94 million, a P/E ratio of 1,610.71 and a beta of 1.20. The firm’s fifty day moving average is GBX 199.25 and its 200 day moving average is GBX 183.97.

ME Group International Company Profile

(Get Free Report)

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.