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ME Group International ( (GB:MEGP) ) has issued an announcement.
ME Group International has repurchased 1,090,374 ordinary shares between 24 and 27 March 2026 as part of its recently announced share buyback programme, paying prices between 132p and 142p and a volume-weighted average of 137.23p. The company plans to cancel these shares, reducing the total number of shares in issue to 376,660,462, a move that marginally enhances earnings per share and may signal management’s confidence to investors while updating the denominator for regulatory disclosure thresholds.
By executing the buyback through Peel Hunt on the London Stock Exchange, ME Group continues to use capital management tools to adjust its equity base and return value to shareholders. The revised share count provides clarity for stakeholders monitoring their holdings under U.K. transparency rules, and underscores the company’s active stance on balance-sheet optimisation in the current market environment.
The most recent analyst rating on (GB:MEGP) stock is a Hold with a £147.00 price target. To see the full list of analyst forecasts on ME Group International stock, see the GB:MEGP Stock Forecast page.
Spark’s Take on MEGP Stock
According to Spark, TipRanks’ AI Analyst, MEGP is a Outperform.
The score is supported primarily by strong financial performance (profitability gains and a de-risked balance sheet) and very attractive valuation (low P/E and high dividend yield). These positives are partially offset by weaker technicals (negative MACD and price below longer-term moving averages) and recent free-cash-flow softness.
To see Spark’s full report on MEGP stock, click here.
More about ME Group International
ME Group International is a U.K.-listed company that operates in the consumer services and equipment sector, known for its network of unattended vending and photo booths. The group focuses on providing automated photographic, laundry and other instant-service machines across high-footfall locations, generating recurring revenue from a broad base of retail and transport sites.
Average Trading Volume: 1,529,092
Technical Sentiment Signal: Hold
Current Market Cap: £491M
For a thorough assessment of MEGP stock, go to TipRanks’ Stock Analysis page.