Hostelworld Group (LON:HSW) Shares Climb 2.9% – Here’s What Happened

Hostelworld Group plc (LON:HSW) shares were up 2.9% during trading on Tuesday. The company traded as high as GBX 86.40 and last traded at GBX 84.40. 89,210 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 211,026 shares. The stock had previously closed at GBX 82.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Canaccord Genuity Group cut 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. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 220 price target on shares of Hostelworld Group in a research report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 215 price target on shares of Hostelworld Group in a research note on Thursday, July 30th. Finally, Berenberg Bank cut their price objective on shares of Hostelworld Group from GBX 171 to GBX 150 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Four research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 192.50.

Hostelworld Group Price Performance

The business’s 50 day moving average price is GBX 94.94 and its 200 day moving average price is GBX 104.96. The stock has a market capitalization of £104.06 million, a P/E ratio of 16.88 and a beta of 0.90. The company has a debt-to-equity ratio of 15.41, a current ratio of 0.86 and a quick ratio of 1.20.

Hostelworld Group Company Profile

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.