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Hostelworld ( (GB:HSW) ) has shared an update.
Hostelworld Group PLC announced the repurchase of 27,527 of its Ordinary Shares on the London Stock Exchange as part of its ongoing share buyback program. This transaction, executed through Goodbody Stockbrokers UC, is expected to impact the company’s share capital by reducing the number of shares in circulation, potentially enhancing shareholder value.
The most recent analyst rating on (GB:HSW) stock is a Hold with a £152.00 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 bullish technical indicators are the primary drivers of its stock score. The company’s robust cash flow and low leverage enhance its financial stability. However, the stock’s high valuation and overbought technical indicators suggest caution. The absence of earnings call data and corporate events means these factors do not influence the score.
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 worldwide. The company caters to budget-conscious travelers seeking affordable accommodation options.
Average Trading Volume: 156,563
Technical Sentiment Signal: Buy
Current Market Cap: £170.9M
For a thorough assessment of HSW stock, go to TipRanks’ Stock Analysis page.