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Hostelworld ( (GB:HSW) ) just unveiled an announcement.
Hostelworld Group PLC announced the repurchase of 15,824 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 by reducing the number of shares in circulation, 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 accommodation industry, primarily focusing on providing an online platform for booking hostels. The company targets budget-conscious travelers seeking affordable lodging options worldwide.
Average Trading Volume: 137,916
Technical Sentiment Signal: Sell
Current Market Cap: £145.8M
Find detailed analytics on HSW stock on TipRanks’ Stock Analysis page.