ME Group International plc (LON:MEGP) Insider Jean-Marc Janailhac Sells 198,555 Shares

ME Group International plc (LON:MEGP) insider Jean-Marc Janailhac sold 198,555 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of GBX 184 ($2.38), for a total value of £365,341.20 ($472,505.43).

Jean-Marc Janailhac also recently made the following trade(s):

• On Thursday, May 9th, Jean-Marc Janailhac bought 27,000 shares of ME Group International stock. The stock was acquired at an average price of GBX 157 ($2.03) per share, for a total transaction of £42,390 ($54,824.11).

ME Group International Price Performance

LON:MEGP traded up GBX 0.63 ($0.01) during mid-day trading on Tuesday, reaching GBX 185.03 ($2.39). The stock had a trading volume of 259,154 shares, compared to its average volume of 464,379. The business’s 50 day moving average is GBX 172.27 and its 200 day moving average is GBX 158.66. ME Group International plc has a fifty-two week low of GBX 116.70 ($1.51) and a fifty-two week high of GBX 190 ($2.46). The stock has a market cap of £696.55 million, a P/E ratio of 1,421.54 and a beta of 1.11.

ME Group International Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 7th will be issued a GBX 3.45 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a yield of 1.9%. ME Group International’s dividend payout ratio is currently 5,384.62%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 200 ($2.59) target price on shares of ME Group International in a report on Monday, July 15th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 203 ($2.63) target price on shares of ME Group International in a report on Tuesday, July 16th.

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.