ME Group International PLC with ticker (LON:MEGP) now has a potential upside of 58.0% 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 (12/01/2024) indicates a potential upside of 58.0%. Trading has ranged between 117 (52 week low) and 171 (52 week high) with an average of 904,360 shares exchanging hands daily. The market capitalisation at the time of writing is £471,651,425.
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 58.0% potential upside indicated by Berenberg Bank
- Written by: Charlotte Edwards
Latest Company News
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.
ME Group International plc extends its partnership with WM Morrisons, adding at least 200 Revolution laundry machines to UK supermarket locations.
ME Group International plc (LON: MEGP) reports record-breaking profits and growth in FY 2024, driven by its expanding laundry operations.
ME Group International PLC partners with Motor Fuel Limited to install up to 300 Wash.ME Revolution laundry machines across MFG's UK sites, enhancing consumer convenience.
