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An update from Hostelworld ( (GB:HSW) ) is now available.
Hostelworld Group PLC announced the repurchase of 23,500 of its ordinary shares as part of its ongoing share buyback program. This move, executed through Goodbody Stockbrokers UC, reflects the company’s strategy to manage its 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 overall stock score is driven by strong financial performance and positive corporate events, particularly the share buyback program. However, technical analysis indicates bearish momentum, and valuation metrics suggest a moderate investment appeal. The absence of earnings call data limits insights into future guidance.
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 worldwide. The company aims to cater to budget-conscious travelers, offering a platform for discovering and booking affordable lodging options.
Average Trading Volume: 140,092
Technical Sentiment Signal: Sell
Current Market Cap: £141.3M
For a thorough assessment of HSW stock, go to TipRanks’ Stock Analysis page.