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An announcement from Hostelworld ( (GB:HSW) ) is now available.
Hostelworld Group PLC announced the repurchase of 17,179 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 £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 Outperform.
Hostelworld’s strong financial performance and effective capital management through share buybacks are key strengths. While technical indicators suggest a lack of short-term momentum, the company’s strategic initiatives and fair valuation support a positive outlook.
To see Spark’s full report on GB:HSW stock, click here.
More about Hostelworld
Hostelworld Group PLC operates within the travel and accommodation industry, primarily focusing on offering online booking services for hostels. The company is known for facilitating budget-friendly travel accommodations, catering to backpackers and budget-conscious travelers globally.
Average Trading Volume: 252,756
Technical Sentiment Signal: Sell
Current Market Cap: £157.4M
Learn more about HSW stock on TipRanks’ Stock Analysis page.