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The latest update is out from Hostelworld ( (GB:HSW) ).
Hostelworld Group PLC has repurchased 35,000 of its ordinary shares on the London Stock Exchange as part of its ongoing share buyback program. This move, which involves the cancellation of the repurchased shares, aims to consolidate the company’s share capital and potentially enhance shareholder value by reducing the number of shares in circulation.
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 Neutral.
Hostelworld’s strong financial performance and strategic initiatives like share buybacks contribute positively to its stock score. However, technical indicators show mixed signals, and valuation metrics suggest fair current pricing, limiting the score to moderate levels.
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, primarily offering online booking services for hostels. The company focuses on providing budget-friendly accommodation options for travelers globally, leveraging its platform to connect users with a wide range of hostel choices.
Average Trading Volume: 268,888
Technical Sentiment Signal: Sell
Current Market Cap: £160.7M
For an in-depth examination of HSW stock, go to TipRanks’ Overview page.