Berenberg Bank Initiates Coverage on XLMedia PLC (XLM)
Equities research analysts at Berenberg Bank initiated coverage on shares of XLMedia PLC (LON:XLM) in a research note issued on Thursday. The firm set a “buy” rating and a GBX 130 ($1.70) price target on the stock. Berenberg Bank’s price objective indicates a potential upside of 46.07% from the company’s current price.
Separately, Liberum Capital restated a “buy” rating and issued a GBX 111 ($1.45) price target on shares of XLMedia PLC in a report on Tuesday.
XLMedia PLC (LON:XLM) opened at 89.45 on Thursday. The firm’s 50-day moving average is GBX 86.17 and its 200-day moving average is GBX 75.10. XLMedia PLC has a 52-week low of GBX 58.22 and a 52-week high of GBX 97.99. The firm’s market capitalization is GBX 173.04 million.
The firm also recently declared a dividend, which will be paid on Friday, November 4th. Shareholders of record on Thursday, October 6th will be issued a GBX 0.04 ($0.00) dividend. This is a boost from XLMedia PLC’s previous dividend of $0.02. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 3.26%.
XLMedia PLC Company Profile
XLMedia PLC is an online performance marketing company. The Company and its subsidiaries provide digital performance marketing services. It operates through three segments: Publishing, Media and Partners Network. Its Publishing segment owns over 2,000 informational Websites in approximately 17 languages.
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