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Hostelworld ( (GB:HSW) ) has issued an announcement.
Hostelworld Group PLC announced the repurchase of 23,500 of its Ordinary Shares on the London Stock Exchange as part of its ongoing share buyback program. This move will result in the cancellation of these shares, reducing the total number of shares in issue to 125,578,709. The buyback is part of a strategy to enhance shareholder value and optimize the company’s capital structure.
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. The company is known for its platform that connects travelers with budget-friendly accommodation options worldwide.
Average Trading Volume: 127,991
Technical Sentiment Signal: Sell
Current Market Cap: £144.5M
Learn more about HSW stock on TipRanks’ Stock Analysis page.