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The latest update is out from Hostelworld ( (GB:HSW) ).
Hostelworld Group PLC has executed a buyback of 30,000 of its own ordinary shares on the London Stock Exchange as part of its ongoing share buyback program. This move, involving a transaction through Goodbody Stockbrokers UC, will see the repurchased shares canceled, reducing the total number of shares in circulation to 125,821,630. The buyback is part of a strategy to optimize the company’s capital structure and potentially enhance 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 hospitality industry, primarily focusing on providing an online platform for booking hostels worldwide. The company is known for its extensive network of budget accommodation options catering to travelers seeking affordable lodging.
Average Trading Volume: 150,542
Technical Sentiment Signal: Sell
Current Market Cap: £147.3M
For detailed information about HSW stock, go to TipRanks’ Stock Analysis page.