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Hostelworld ( (GB:HSW) ) has shared an announcement.
Hostelworld Group PLC announced the repurchase of 22,660 of its Ordinary Shares on the London Stock Exchange as part of its share buyback program. This move, which involves the cancellation of the repurchased shares, reduces the total number of shares in circulation to 125,534,049, potentially enhancing shareholder value and reflecting the company’s confidence in its financial health.
The most recent analyst rating on (GB:HSW) stock is a Hold with a £129.00 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 overall stock score reflects its strong financial performance, particularly in cash flow management and profitability improvements. However, technical indicators suggest limited momentum, and the valuation indicates moderate pricing. The absence of earnings call data and corporate events limits further insights.
To see Spark’s full report on GB:HSW stock, click here.
More about Hostelworld
Hostelworld Group PLC operates within the travel and hospitality industry, focusing primarily on providing an online platform for booking hostels and budget accommodations worldwide. The company aims to cater to budget-conscious travelers seeking affordable lodging options.
Average Trading Volume: 127,112
Technical Sentiment Signal: Sell
Current Market Cap: £147M
See more insights into HSW stock on TipRanks’ Stock Analysis page.