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Hostelworld ( (GB:HSW) ) has provided an update.
Hostelworld Group PLC announced the repurchase of 26,361 of its ordinary shares on the London Stock Exchange as part of its ongoing share buyback program. This move is expected to reduce the number of shares in circulation, potentially increasing the value of remaining shares and demonstrating the company’s commitment to returning value to shareholders.
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 focusing on providing an online platform for booking hostels and budget accommodations worldwide. The company aims to cater to budget-conscious travelers seeking affordable lodging options.
Average Trading Volume: 162,125
Technical Sentiment Signal: Buy
Current Market Cap: £158.8M
Learn more about HSW stock on TipRanks’ Stock Analysis page.