XLMedia PLC’s (XLM) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of XLMedia PLC (LON:XLM) in a research report released on Thursday. The brokerage currently has a GBX 150 ($1.95) target price on the stock.

XLMedia PLC (LON:XLM) opened at 125.50 on Thursday. The company’s 50-day moving average price is GBX 115.08 and its 200-day moving average price is GBX 105.89. XLMedia PLC has a one year low of GBX 61.18 and a one year high of GBX 132.00. The firm’s market cap is GBX 248.11 million.

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In other news, insider Ory Weihs acquired 110,000 shares of the company’s stock in a transaction dated Thursday, March 16th. The shares were bought at an average price of GBX 111 ($1.44) per share, with a total value of £122,100 ($158,839.60). Insiders have acquired a total of 1,151,700 shares of company stock worth $127,547,600 in the last ninety days.

XLMedia PLC Company Profile

XLMedia PLC is the United Kingdom-based online performance marketing company. The Company focuses on paying users from multiple online and mobile channels and directs them to online businesses who, in turn, convert such traffic into paying customers. The Company’s segments include Publishing, Media and Partners Network.

12 Month Chart for LON:XLM

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