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Hostelworld ( (GB:HSW) ) just unveiled an update.
Hostelworld Group PLC announced the repurchase of 1,763 of its Ordinary Shares on the London Stock Exchange as part of its ongoing share buyback program. The repurchased shares will be canceled, reducing the total number of shares in issue to 124,461,135. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:HSW) stock is a Hold with a £136.00 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 overall stock score is primarily driven by its strong financial performance, reflecting significant operational improvements and financial resilience. Technical analysis suggests moderate bullish momentum, but valuation metrics indicate potential overvaluation concerns. The absence of earnings call data and corporate events means these factors do not influence the score.
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, focusing on providing online booking services for hostels and budget accommodations worldwide. The company is known for its platform that connects travelers with affordable lodging options, catering primarily to the backpacker and budget-conscious traveler market.
Average Trading Volume: 160,440
Technical Sentiment Signal: Hold
Current Market Cap: £155M
For an in-depth examination of HSW stock, go to TipRanks’ Overview page.