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Hostelworld ( (GB:HSW) ) just unveiled an update.
Hostelworld Group PLC announced the repurchase of 7,946 of its Ordinary Shares on the London Stock Exchange as part of its ongoing share buyback program. This move is aimed at reducing the number of shares in circulation, potentially increasing shareholder value and reinforcing the company’s commitment to returning capital to shareholders.
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, specializing in providing a platform for booking hostels worldwide. The company focuses on offering budget-friendly accommodation options for travelers, with a strong presence in the online travel booking market.
Average Trading Volume: 148,659
Technical Sentiment Signal: Sell
Current Market Cap: £146.7M
See more insights into HSW stock on TipRanks’ Stock Analysis page.