Hostelworld Group (LON:HSW) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Shares of Hostelworld Group plc (LON:HSW) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 108.62 and traded as high as GBX 115. Hostelworld Group shares last traded at GBX 115, with a volume of 23,421 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 215 target price on shares of Hostelworld Group in a research note on Thursday, July 30th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 171 price target on shares of Hostelworld Group in a report on Wednesday, July 29th. Canaccord Genuity Group lowered their target price on Hostelworld Group from GBX 205 to GBX 185 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Finally, Shore Capital Group reissued a “buy” rating and issued a GBX 230 price objective on shares of Hostelworld Group in a report on Thursday, July 9th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 193.50.

Hostelworld Group Stock Performance

The stock has a market capitalization of £141.78 million, a P/E ratio of 23.00 and a beta of 0.90. The company has a quick ratio of 1.20, a current ratio of 0.86 and a debt-to-equity ratio of 15.41. The company has a 50-day moving average price of GBX 108.62 and a two-hundred day moving average price of GBX 107.84.

About Hostelworld Group

Hostelworld Group plc operates as an online travel agent focused on the hostel market worldwide. It offers software and data processing services that facilitate hostel, B&B, hotel, and other accommodation bookings. The company also provides business information consulting and marketing planning services; and marketing and research and development services, as well as management services. In addition, it engages in the technology trading business. The company was founded in 1999 and is based in Dublin, Ireland.