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An announcement from Hostelworld ( (GB:HSW) ) is now available.
Hostelworld Group PLC announced the repurchase of 30,000 of its ordinary shares on the London Stock Exchange as part of its ongoing share buyback program. This move is expected to impact the company’s share capital structure, reducing the total number of shares in circulation and potentially enhancing shareholder value.
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 booking platform for hostels and budget accommodations. The company focuses on providing affordable travel options and experiences for backpackers and budget-conscious travelers worldwide.
Average Trading Volume: 146,882
Technical Sentiment Signal: Sell
Current Market Cap: £148M
See more insights into HSW stock on TipRanks’ Stock Analysis page.