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The latest announcement is out from Hostelworld ( (GB:HSW) ).
Hostelworld Group PLC announced the repurchase of 24,681 of its Ordinary Shares on the London Stock Exchange as part of its ongoing share buyback program. This transaction, executed through Goodbody Stockbrokers, will result in the cancellation of the repurchased shares, reducing the total number of shares in issue to 126,420,626. The buyback is part of the company’s strategy to enhance shareholder value and optimize its capital structure.
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 overall score is driven by strong financial performance and strategic corporate events like share buybacks, which enhance shareholder value. Technical analysis and valuation provide moderate support to the score. While the company’s fundamentals are strong, revenue growth challenges and neutral technical indicators present areas for improvement.
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 connects travelers with affordable accommodation options worldwide, catering to budget-conscious and adventurous travelers.
Average Trading Volume: 253,096
Technical Sentiment Signal: Sell
Current Market Cap: £159.3M
See more data about HSW stock on TipRanks’ Stock Analysis page.