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Hostelworld ( (GB:HSW) ) has provided an announcement.
Hostelworld Group PLC has repurchased 27,533 of its ordinary shares on the London Stock Exchange as part of its ongoing share buyback program. This move is expected to reduce the number of shares in circulation, potentially increasing the value of remaining shares and reflecting the company’s confidence in its 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 strong financial performance and positive corporate events, particularly the share buyback program, support its stock score. However, bearish technical indicators and a moderate valuation due to a lack of dividends 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 and budget accommodations worldwide. The company aims to cater to budget-conscious travelers seeking affordable lodging options.
Average Trading Volume: 247,186
Technical Sentiment Signal: Sell
Current Market Cap: £153.5M
Learn more about HSW stock on TipRanks’ Stock Analysis page.