ME Group International plc (MEGP) To Go Ex-Dividend on April 24th

ME Group International plc (LON:MEGP) announced a dividend on Monday, February 24th, DividendData.Co.Uk reports. Investors of record on Thursday, April 24th will be paid a dividend of GBX 4.45 ($0.06) per share on Friday, May 23rd. This represents a yield of 2.36%. The ex-dividend date is Thursday, April 24th. This is a 29.0% increase from ME Group International’s previous dividend of $3.45. The official announcement can be seen at this link.

ME Group International Stock Down 0.5 %

ME Group International stock opened at GBX 194 ($2.60) on Tuesday. The stock has a market cap of £737.43 million, a P/E ratio of 13.93 and a beta of 1.20. ME Group International has a twelve month low of GBX 155.20 ($2.08) and a twelve month high of GBX 235.50 ($3.15). The company’s 50-day moving average price is GBX 195.93 and its two-hundred day moving average price is GBX 206.07.

ME Group International (LON:MEGP) last posted its quarterly earnings results on Monday, February 24th. The company reported GBX 14.36 ($0.19) EPS for the quarter. ME Group International had a return on equity of 32.52% and a net margin of 17.39%. Equities analysts anticipate that ME Group International will post 15.5344418 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group increased their target price on ME Group International from GBX 203 ($2.72) to GBX 235 ($3.14) and gave the company a “buy” rating in a research report on Tuesday, February 25th.

ME Group International Company Profile

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.