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The latest update is out from Hostelworld ( (GB:HSW) ).
Hostelworld Group PLC announced the repurchase of 24,566 of its ordinary shares on the London Stock Exchange as part of its ongoing share buyback program. This move, executed through Goodbody Stockbrokers, aims to enhance shareholder value by reducing the number of shares in circulation, potentially increasing the value of remaining shares and reflecting 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 Neutral.
Hostelworld’s overall stock score is driven by strong financial performance and positive corporate events, particularly the share buyback program. However, technical indicators suggest bearish momentum, and the valuation is moderate, which tempers the overall 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 online booking services for hostels around the world. The company is known for its platform that connects travelers with affordable accommodation options, catering to budget-conscious and adventurous travelers.
Average Trading Volume: 150,004
Technical Sentiment Signal: Sell
Current Market Cap: £146.4M
See more data about HSW stock on TipRanks’ Stock Analysis page.