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An update from Hostelworld ( (GB:HSW) ) is now available.
Hostelworld Group PLC announced the repurchase of 38,000 of its Ordinary Shares on the London Stock Exchange as part of its share buyback program. This move, executed through Goodbody Stockbrokers UC, reflects the company’s strategy to manage its 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 £2.00 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 and strategic share buyback program are significant positives, indicating financial health and shareholder focus. However, the lack of revenue growth and absence of a dividend yield slightly temper the overall score.
To see Spark’s full report on GB:HSW stock, click here.
More about Hostelworld
Hostelworld Group PLC operates within the travel and hospitality industry, primarily focusing on providing online booking services for hostels. The company is known for connecting travelers with affordable accommodation options worldwide, catering to budget-conscious and adventurous travelers.
Average Trading Volume: 303,702
Technical Sentiment Signal: Buy
Current Market Cap: £174.1M
For detailed information about HSW stock, go to TipRanks’ Stock Analysis page.