Sept. 20 (Bloomberg) -- BrainJuicer Group Plc jumped the most in more than two years after the online market-research company said it would return 1.5 million pounds ($2.4 million) to shareholders in its first special dividend since 2008.
The shares jumped 7.8 percent, the biggest advance since June 2011, to 270 pence in London trading, the highest since Nov. 19. The volume of shares traded was almost four times the three-month daily average.
The special dividend “reflects the company’s particularly strong cash position, and its capital-light business model,” the London-based company said in a statement today. In addition to the special dividend of 12 pence a share, BrainJuicer is paying an interim dividend of 0.9 pence a share.
Canaccord Genuity Corp. analyst Simon Davies today reiterated his buy recommendation on the stock and maintained his 12-month price target of 298 pence.
BrainJuicer’s clients include Kraft Foods Group Inc. and Nestle SA, according to the market researcher’s website. Its offerings include “FaceTrace” technology to measure responses to advertising. The stock has advanced 21 percent this year compared with an 11 percent gain for the FTSE AIM All-Share Media Index.
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