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Hostelworld ( (GB:HSW) ) has issued an update.
Hostelworld Group PLC has announced the repurchase of 40,000 of its Ordinary Shares on the London Stock Exchange as part of its share buyback program. This move, which will result in the cancellation of the repurchased shares, is expected to impact the company’s share capital structure by reducing the total number of shares in issue to 126,944,380, potentially enhancing shareholder value.
The most recent analyst rating on (GB:HSW) stock is a Buy with a £2.15 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 Outperform.
Hostelworld presents a strong financial recovery with effective cash management and operational efficiency. Technical indicators support a positive market momentum, bolstered by strategic share buybacks enhancing shareholder value. However, valuation concerns due to a moderate P/E ratio and lack of dividend yield slightly offset these strengths.
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 online booking services for hostels and budget accommodations. The company is known for its platform that connects travelers with affordable lodging options worldwide.
Average Trading Volume: 305,160
Technical Sentiment Signal: Buy
Current Market Cap: £172.8M
See more insights into HSW stock on TipRanks’ Stock Analysis page.