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Hostelworld ( (GB:HSW) ) has issued an announcement.
Hostelworld Group PLC has repurchased 31,734 of its ordinary shares on the London Stock Exchange as part of its ongoing share buyback program announced earlier this year. This move, which involves canceling the repurchased shares, aims to reduce the total number of shares in circulation, potentially enhancing shareholder value and reflecting confidence in the company’s financial position.
The most recent analyst rating on (GB:HSW) stock is a Buy with a £135.00 price target. To see the full list of analyst forecasts on Hostelworld stock, see the GB:HSW Stock Forecast page.
Spark’s Take on GB:HSW Stock
According to Spark, TipRanks’ AI Analyst, GB:HSW is a Outperform.
Hostelworld’s strong financial performance, characterized by improved profitability and solid cash flow management, is the primary driver of its stock score. Technical indicators suggest a positive short-term outlook, while valuation metrics indicate moderate pricing. The absence of earnings call data and corporate events does not impact the overall assessment.
To see Spark’s full report on GB:HSW stock, click here.
More about Hostelworld
Hostelworld Group PLC is a company operating in the travel and hospitality industry, primarily focusing on providing online booking services for hostels. The company caters to budget-conscious travelers seeking affordable accommodation options worldwide.
Average Trading Volume: 129,704
Technical Sentiment Signal: Hold
Current Market Cap: £156.7M
See more insights into HSW stock on TipRanks’ Stock Analysis page.