Berenberg Bank Reiterates “Buy” Rating for XLMedia (XLM)
XLMedia (LON:XLM)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a report released on Thursday. They currently have a GBX 220 ($2.96) price target on the stock. Berenberg Bank’s target price points to a potential upside of 7.84% from the stock’s previous close.
XLMedia (LON XLM) opened at GBX 204 ($2.75) on Thursday. XLMedia has a 1 year low of GBX 85.50 ($1.15) and a 1 year high of GBX 210 ($2.83).
In other news, insider Ory Weihs acquired 36,764 shares of XLMedia stock in a transaction dated Friday, September 22nd. The shares were purchased at an average cost of GBX 136 ($1.83) per share, for a total transaction of £49,999.04 ($67,293.46). Insiders have bought a total of 308,540 shares of company stock worth $44,800,560 over the last quarter.
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.
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