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An announcement from ME Group International ( (GB:MEGP) ) is now available.
ME Group International has called a general meeting for 26 February 2026 to seek renewed authority to buy back up to 37,772,333 ordinary shares, equivalent to 10% of its current issued share capital, after previously being unable to use its existing buy-back mandate because of UK takeover rules. With a strong and expected-to-grow cash position, the board wants flexibility to deploy buy-backs it deems value-enhancing, and has secured an agreement in principle for a Rule 9 waiver so that purchases under the proposed authority will not force its major shareholder concert party to make a mandatory takeover offer, subject to approval by independent investors.
The most recent analyst rating on (GB:MEGP) stock is a Hold with a £190.00 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 GB:MEGP Stock
According to Spark, TipRanks’ AI Analyst, GB:MEGP is a Neutral.
ME Group International’s strong financial performance and attractive valuation are offset by bearish technical indicators. The company’s robust revenue and profit growth, along with a stable balance sheet, contribute positively to its score. However, the current downtrend in stock price and oversold technical conditions present a risk. The low P/E ratio and high dividend yield enhance its valuation appeal, but investors should be cautious of the current market momentum.
To see Spark’s full report on GB:MEGP stock, click here.
More about ME Group International
ME Group International is an international market leader in automated self-service vending equipment aimed at consumers, operating, selling and servicing a wide range of instant-service machines across 18 countries in Continental Europe, the UK and Ireland, and Asia Pacific. Its core services include photobooths and biometric ID solutions under Photo.ME and unattended laundry services under Wash.ME, alongside ancillary print, foodservice, amusement and copier vending offerings supported by long-term contracts at high-footfall sites.
Average Trading Volume: 1,230,635
Technical Sentiment Signal: Sell
Current Market Cap: £516M
Find detailed analytics on MEGP stock on TipRanks’ Stock Analysis page.