ME Group Cancels 168,168 Shares After Latest Buyback Tranche

The latest update is out from ME Group International ( (GB:MEGP) ).

ME Group International has continued its previously announced share buyback programme, repurchasing 168,168 ordinary shares between 30 March and 2 April 2026 at prices ranging from 123.80p to 138.98p, with a volume-weighted average price of 136.69p. The company plans to cancel these shares, which will reduce the number of ordinary shares in issue to 376,492,294, a move that marginally enhances earnings per share and may signal management’s confidence in the firm’s valuation while affecting major shareholders’ disclosure thresholds under U.K. market rules.

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 best known for operating unattended vending equipment such as photo booths and other instant-service machines across multiple markets. The group focuses on high-volume consumer locations, generating recurring revenue from automated services distributed through a large installed base of machines.

Average Trading Volume: 1,533,365

Technical Sentiment Signal: Hold

Current Market Cap: £514.5M

Learn more about MEGP stock on TipRanks’ Stock Analysis page.