ME Group International PLC 20.0% potential upside indicated by Berenberg Bank

ME Group International PLC with ticker (LON:MEGP) now has a potential upside of 20.0% 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 167 GBX at opening today (28/06/2023) indicates a potential upside of 20.0%. Trading has ranged between 73 (52 week low) and 171 (52 week high) with an average of 485,301 shares exchanging hands daily. The market capitalisation at the time of writing is £629,319,885.

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.