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Hostelworld ( (GB:HSW) ) just unveiled an update.
Hostelworld Group PLC announced the repurchase of 40,000 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 optimize the company’s capital structure 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 £247.00 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 scores well due to strong financial performance and positive technical indicators, supported by recent corporate actions like share buybacks enhancing shareholder value. Moderate valuation limits the overall score slightly, with no dividend yield impacting appeal.
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 and budget accommodations worldwide. The company caters to budget-conscious travelers, offering a wide range of affordable lodging options.
Average Trading Volume: 269,733
Technical Sentiment Signal: Buy
Current Market Cap: £183.9M
Learn more about HSW stock on TipRanks’ Stock Analysis page.