ME Group International (LON:MEGP) Reaches New 52-Week High – Still a Buy?

ME Group International plc (LON:MEGP) hit a new 52-week high 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 changing hands. The stock had previously closed at GBX 211 ($2.74).

Analysts Set New Price Targets

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

ME Group International Stock Up 1.0 %

The stock has a market cap of £800.62 million, a PE ratio of 1,500.00 and a beta of 1.20. The firm has a 50-day simple moving average of GBX 194.26 and a 200-day simple moving average of GBX 180.53.

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.