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The latest update is out from Hostelworld ( (GB:HSW) ).
Hostelworld Group PLC has executed a share buyback program, purchasing 21,836 of its ordinary shares on the London Stock Exchange. This move is part of a previously announced buyback initiative aimed at optimizing the company’s capital structure, potentially enhancing shareholder value by reducing the number of shares outstanding.
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. The company targets budget-conscious travelers seeking affordable accommodation options worldwide.
Average Trading Volume: 130,795
Technical Sentiment Signal: Sell
Current Market Cap: £154.9M
For detailed information about HSW stock, go to TipRanks’ Stock Analysis page.