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Hostelworld ( (GB:HSW) ) has provided an announcement.
Hostelworld Group PLC announced the repurchase of 30,000 of its ordinary shares on the London Stock Exchange as part of its ongoing share buyback program. This transaction, executed through Goodbody Stockbrokers, aims to reduce the number of shares in circulation, potentially enhancing shareholder value and reflecting the company’s confidence in its financial health.
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 an online booking platform for hostels. The company connects travelers with budget-friendly accommodation options worldwide, catering to the needs of backpackers and budget-conscious travelers.
Average Trading Volume: 149,550
Technical Sentiment Signal: Sell
Current Market Cap: £147.3M
Find detailed analytics on HSW stock on TipRanks’ Stock Analysis page.