Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Hostelworld ( (GB:HSW) ) has issued an update.
Hostelworld Group PLC has executed a share buyback, purchasing 28,000 of its ordinary shares on the London Stock Exchange, as part of its previously announced buyback program. This transaction, involving shares priced between £1.2450 and £1.2700, will result in the cancellation of the repurchased shares, reducing the total number of shares in issue to 125,247,043, potentially enhancing shareholder value.
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 within the travel and hospitality industry, primarily focusing on providing an online platform for booking hostels and budget accommodations worldwide. The company targets budget-conscious travelers and backpackers, offering a wide range of affordable lodging options.
Average Trading Volume: 130,100
Technical Sentiment Signal: Hold
Current Market Cap: £158.5M
For a thorough assessment of HSW stock, go to TipRanks’ Stock Analysis page.