tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Hostelworld Executes Share Buyback to Optimize Capital Structure

Story Highlights
Hostelworld Executes Share Buyback to Optimize Capital Structure

Meet Your ETF AI Analyst

An update from Hostelworld ( (GB:HSW) ) is now available.

Hostelworld Group PLC announced the repurchase of 32,844 of its Ordinary Shares on the London Stock Exchange as part of its ongoing share buyback program. This transaction, executed through Goodbody Stockbrokers, is expected to impact the company’s share capital structure by reducing the total number of shares in issue to 125,002,768, potentially enhancing shareholder value.

The most recent analyst rating on (GB:HSW) stock is a Buy with a £135.00 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 Outperform.

Hostelworld’s strong financial performance, characterized by improved profitability and solid cash flow management, is the primary driver of its stock score. Technical indicators suggest a positive short-term outlook, while valuation metrics indicate moderate pricing. The absence of earnings call data and corporate events does not impact the overall assessment.

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 offering an online platform for booking hostels and budget accommodations worldwide. The company focuses on providing affordable lodging options for travelers, leveraging its extensive network of hostel partners.

Average Trading Volume: 160,121

Technical Sentiment Signal: Hold

Current Market Cap: £156.3M

For detailed information about HSW stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1