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The latest announcement is out from Hostelworld ( (GB:HSW) ).
Hostelworld Group PLC announced the repurchase of 22,000 of its Ordinary Shares on the London Stock Exchange as part of its ongoing share buyback program. This move, executed through Goodbody Stockbrokers UC, aims to enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and signaling confidence in the company’s future prospects.
The most recent analyst rating on (GB:HSW) stock is a Hold with a £119.00 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 Neutral.
Hostelworld’s strong financial performance and strategic share buybacks are key strengths, indicating resilience and a focus on enhancing shareholder value. However, the technical indicators suggest a bearish trend, and the valuation is moderate without a dividend yield, which tempers the overall attractiveness of the stock.
To see Spark’s full report on GB:HSW stock, click here.
More about Hostelworld
Hostelworld Group PLC operates in the travel and hospitality industry, primarily focusing on providing online booking services for hostels and budget accommodations worldwide. The company is known for its platform that connects travelers with affordable lodging options, catering to a market that values cost-effective travel solutions.
Average Trading Volume: 132,235
Technical Sentiment Signal: Sell
Current Market Cap: £146.4M
Learn more about HSW stock on TipRanks’ Stock Analysis page.