Canaccord Genuity Group Cuts Hostelworld Group (LON:HSW) Price Target to GBX 185

Hostelworld Group (LON:HSW) had its target price decreased by investment analysts at Canaccord Genuity Group from GBX 205 to GBX 185 in a report issued on Thursday,Digital Look reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 74.53% from the company’s previous close.

Other research analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 215 price objective on shares of Hostelworld Group in a report on Thursday. Shore Capital Group restated a “buy” rating and issued a GBX 230 price target on shares of Hostelworld Group in a research note on Thursday, July 9th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 171 price target on shares of Hostelworld Group in a research report on Wednesday. Six research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Hostelworld Group currently has a consensus rating of “Buy” and an average price target of GBX 193.50.

Hostelworld Group Stock Performance

Shares of LON HSW traded up GBX 1.50 during trading hours on Thursday, reaching GBX 106. 144,397 shares of the stock were exchanged, compared to its average volume of 163,280. The firm has a market capitalization of £130.69 million, a price-to-earnings ratio of 19.49 and a beta of 0.75. The stock’s fifty day simple moving average is GBX 108.68 and its 200 day simple moving average is GBX 108.65. The company has a debt-to-equity ratio of 20.11, a quick ratio of 1.20 and a current ratio of 0.91. Hostelworld Group has a 52 week low of GBX 93.73 and a 52 week high of GBX 141.50.

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.