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Hostelworld ( (GB:HSW) ) has issued an announcement.
Hostelworld Group PLC announced the repurchase of 30,159 of its Ordinary Shares on the London Stock Exchange as part of its ongoing share buyback program. This move, which involves canceling the repurchased shares, is aimed at optimizing the company’s capital structure and potentially enhancing shareholder value by reducing the number of shares in circulation.
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 operates in the travel and hospitality industry, primarily providing an online platform for booking hostels and budget accommodations worldwide. The company focuses on catering to budget-conscious travelers and backpackers, offering a wide range of affordable lodging options.
Average Trading Volume: 131,295
Technical Sentiment Signal: Sell
Current Market Cap: £154.9M
Learn more about HSW stock on TipRanks’ Stock Analysis page.