ME Group International PLC with ticker (LON:MEGP) now has a potential upside of 57.5% according to Berenberg Bank.
Berenberg Bank set a target price of 200 GBX for the company, which when compared to the ME Group International PLC share price of 127 GBX at opening today (12/12/2023) indicates a potential upside of 57.5%. Trading has ranged between 109 (52 week low) and 171 (52 week high) with an average of 521,668 shares exchanging hands daily. The market capitalisation at the time of writing is £472,983,182.
ME Group International plc is a United Kingdom-based company, which is engaged in the operation, sale and servicing of a range of instant-service equipment. The Company operates coin-operated automatic photobooths for identification and fun purposes, and a diverse range of vending equipment, including digital photo kiosks, laundry machines, and business service equipment, and amusement machines. It is focused on the self-service fresh fruit juice equipment market, and pizza vending machines aimed at the business-to-business (B2B) retail and hospitality markets. It operates in Belgium, France, Japan and Switzerland. The Company has three segments: Asia Pacific, Continental Europe and the United Kingdom. Its brands include Photo-Me, Revolution Laundry and Amuse.Me. It has approximately 27,625 photobooths, 4,754 laundry units and 4,785 digital printing kiosks. Its subsidiaries include Jolly Roger (Amusement Rides) Limited, Photo-Me (Retail) Limited, Xpand Investments Limited and other.
ME Group International PLC 57.5% potential upside indicated by Berenberg Bank
- Written by: Charlotte Edwards
Latest Company News
Under a new agreement with ASDA, ME Group plans to install Wash.ME laundry machines across Supercentre, Superstore, supermarket and forecourt locations, supporting its wider expansion strategy in the UK.
ME Group International plc posted £78.2m profit before tax for 2025, up 6.5%, as laundry operations expanded strongly. Revenue rose to £315.4m, with continued investment, increased dividends, and plans to accelerate growth and innovation.
ME Group International has appointed Christophe Dantcikian as Chief Operating Officer with immediate effect. A member of the Executive Team, he brings over 20 years’ experience across retail, convenience and vending businesses, including senior roles at ExxonMobil, Puma Energy and previously Photomaton.
ME Group International plc expects full-year revenue between £311 million and £318 million and profit before tax of up to £79 million, marking another year of record results.
ME Group reported H1 2025 revenue of £153.8m, up 2.3%, EBITDA of £53.2m, up 3.9%, and profit before tax of £34.0m, up 13.3%. Laundry revenue grew 17.7% to £51.9m.
Gervais Williams, Co-Fund Manager of The Diverse Income Trust plc, discussed ME Group International Plc (LON:MEGP) with DirectorsTalk, highlighting its shift from photo booths to self-service laundry machines.
