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Hostelworld ( (GB:HSW) ) has shared an update.
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 is expected to impact the company’s share capital structure, reducing the total number of shares in issue to 125,556,709, and could potentially enhance shareholder value by improving earnings per share.
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, offering a platform for booking hostels and budget accommodations worldwide. The company focuses on providing affordable lodging options for travelers, primarily targeting budget-conscious and young travelers seeking unique experiences.
Average Trading Volume: 127,846
Technical Sentiment Signal: Sell
Current Market Cap: £147M
See more insights into HSW stock on TipRanks’ Stock Analysis page.