ME Group International plc (LON:MEGP) Plans Dividend Increase – GBX 4.42 Per Share

ME Group International plc (LON:MEGP) announced a dividend on Thursday, February 22nd, Upcoming.Co.Uk reports. Investors of record on Thursday, April 25th will be paid a dividend of GBX 4.42 ($0.05) per share on Thursday, May 23rd. This represents a yield of 3.33%. The ex-dividend date of this dividend is Thursday, April 25th. This is an increase from ME Group International’s previous dividend of $2.97. The official announcement can be viewed at this link.

ME Group International Stock Down 0.9 %

Shares of LON MEGP opened at GBX 167.05 ($2.06) on Wednesday. ME Group International has a 52 week low of GBX 116.70 ($1.44) and a 52 week high of GBX 179.60 ($2.22). The business’s 50 day moving average price is GBX 162.14 and its 200 day moving average price is GBX 143.37. The firm has a market cap of £628.25 million, a P/E ratio of 1,296.92 and a beta of 1.11.

Analyst Upgrades and Downgrades

MEGP has been the topic of a number of recent analyst reports. Canaccord Genuity Group increased their target price on ME Group International from GBX 158 ($1.95) to GBX 203 ($2.51) and gave the company a “buy” rating in a research report on Wednesday, February 28th. Berenberg Bank reiterated a “buy” rating and set a GBX 200 ($2.47) target price on shares of ME Group International in a research report on Thursday, February 22nd.

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.