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Hostelworld ( (GB:HSW) ) has shared an announcement.
Hostelworld Group PLC announced the repurchase of 34,000 of its Ordinary Shares on the London Stock Exchange as part of its ongoing share buyback program. This transaction, executed through Goodbody Stockbrokers, is part of the company’s strategy to manage its share capital, potentially enhancing shareholder value and reflecting confidence in its financial position.
The most recent analyst rating on (GB:HSW) stock is a Hold with a £119.00 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 strategic share buybacks are key strengths, indicating resilience and a focus on enhancing shareholder value. However, the technical indicators suggest a bearish trend, and the valuation is moderate without a dividend yield, which tempers the overall attractiveness of the stock.
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 offering an online platform for booking hostels and budget accommodations. The company focuses on providing affordable lodging options for travelers worldwide.
Average Trading Volume: 152,055
Technical Sentiment Signal: Sell
Current Market Cap: £146.2M
See more insights into HSW stock on TipRanks’ Stock Analysis page.