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Hostelworld ( (GB:HSW) ) just unveiled an announcement.
Hostelworld Group PLC announced the repurchase of 27,324 of its ordinary shares on the London Stock Exchange as part of its ongoing share buyback program. This move is expected to enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and demonstrating confidence in the company’s financial health.
The most recent analyst rating on (GB:HSW) stock is a Buy with a £2.15 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 and technical indicators are the primary drivers of its solid stock score. The company’s strategic initiatives, including share buybacks and growth plans, further bolster confidence in its future outlook. While the valuation is fair, the lack of a dividend yield might be a concern for some investors.
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 a platform for booking hostels worldwide. The company is known for its extensive network of budget accommodations and caters to travelers seeking affordable lodging options.
Average Trading Volume: 305,471
Technical Sentiment Signal: Buy
Current Market Cap: £173.9M
For a thorough assessment of HSW stock, go to TipRanks’ Stock Analysis page.