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Hostelworld ( (GB:HSW) ) has provided an update.
Hostelworld Group PLC announced the repurchase of 27,621 of its Ordinary Shares on the London Stock Exchange as part of its ongoing share buyback program. This move is expected to impact the company’s share capital structure by reducing the number of shares in circulation, potentially enhancing shareholder value and solidifying its market position.
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 Neutral.
Hostelworld’s overall stock score is driven by strong financial performance and strategic corporate actions like share buybacks, which enhance shareholder value. However, technical indicators suggest bearish momentum, and the valuation is moderate with no dividend yield, which slightly tempers the overall attractiveness.
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 budget-conscious and young travelers.
Average Trading Volume: 200,199
Technical Sentiment Signal: Sell
Current Market Cap: £147.1M
See more insights into HSW stock on TipRanks’ Stock Analysis page.