XLMedia PLC (LON:XLM) shares rose 11.1% on Thursday . The company traded as high as GBX 82.70 ($1.08) and last traded at GBX 81.13 ($1.06). Approximately 3,333,458 shares traded hands during trading, an increase of 240% from the average daily volume of 980,241 shares. The stock had previously closed at GBX 73 ($0.95).

Separately, Berenberg Bank boosted their target price on shares of XLMedia from GBX 220 ($2.87) to GBX 225 ($2.94) and gave the stock a “buy” rating in a research report on Wednesday, July 25th.

The stock has a market capitalization of $399.72 million and a price-to-earnings ratio of 1,445.45.

The company also recently announced a dividend, which will be paid on Friday, November 2nd. Shareholders of record on Thursday, October 4th will be given a dividend of GBX 2.27 ($0.03) per share. This represents a yield of 2.2%. The ex-dividend date is Thursday, October 4th.

About XLMedia (LON:XLM)

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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