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Hostelworld ( (GB:HSW) ) just unveiled an update.
Hostelworld Group PLC has repurchased 13,261 of its ordinary shares at a price of £1.1700 each as part of its ongoing share buyback program. This transaction, executed through Goodbody Stockbrokers UC on the London Stock Exchange, reduces the total number of shares in issue to 125,717,156, potentially enhancing shareholder value and reflecting confidence in the company’s financial health.
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 focusing on providing an online platform for booking hostels and budget accommodations worldwide. The company targets budget-conscious travelers and backpackers, offering a wide range of affordable lodging options across various destinations.
Average Trading Volume: 143,632
Technical Sentiment Signal: Sell
Current Market Cap: £144M
See more insights into HSW stock on TipRanks’ Stock Analysis page.