XLMedia PLC (XLM) Coverage Initiated at Berenberg Bank

Berenberg Bank began coverage on shares of XLMedia PLC (LON:XLM) in a research note issued to investors on Thursday. The firm set a “buy” rating and a GBX 130 ($1.70) price target on the stock. Berenberg Bank’s target price would indicate a potential upside of 44.04% from the stock’s previous close.

Separately, Liberum Capital restated a “buy” rating and set a GBX 111 ($1.45) target price on shares of XLMedia PLC in a research report on Tuesday, September 27th.

XLMedia PLC (LON:XLM) opened at 90.25 on Thursday. The stock’s market cap is GBX 174.75 million. The company has a 50-day moving average price of GBX 86.84 and a 200 day moving average price of GBX 75.30. XLMedia PLC has a 12-month low of GBX 58.22 and a 12-month high of GBX 97.99.

The business 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 represents a dividend yield of 3.26%. The ex-dividend date is Thursday, October 6th. This is a positive change from XLMedia PLC’s previous dividend of $0.02.

About XLMedia PLC

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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