Canaccord Genuity Group Reaffirms "Buy" Rating for Hostelworld Group (LON:HSW)

Key Points

• Canaccord Genuity Group has reaffirmed a "buy" rating for Hostelworld Group, with a target price of GBX 200 ($2.66), indicating a potential upside of 67.36% from its previous close.
• Hostelworld's stock opened at GBX 119.50 ($1.59), reflecting a slight increase of 1.6%, while the stock has a market cap of £179.93 million and a price-to-earnings ratio of 12.23.
• Insider transactions include Gary Morrison and Caroline Sherry selling a combined total of 590,061 shares at an average price of GBX 111 ($1.47), indicating notable insider activity.

Hostelworld Group (LON:HSW - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at Canaccord Genuity Group in a research report issued to clients and investors on Monday, MarketBeat.com reports. They currently have a GBX 200 ($2.66) target price on the stock. Canaccord Genuity Group's target price would suggest a potential upside of 67.36% from the company's previous close.

HSW has been the topic of several other research reports. Shore Capital restated a "buy" rating on shares of Hostelworld Group in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 215 ($2.85) price objective on shares of Hostelworld Group in a research note on Thursday.

Hostelworld Group Stock Up 1.6%

Shares of LON HSW opened at GBX 119.50 ($1.59) on Monday. The stock's 50-day simple moving average is GBX 126.52 and its 200-day simple moving average is GBX 123.74. Hostelworld Group has a 1 year low of GBX 105 ($1.39) and a 1 year high of GBX 150 ($1.99). The firm has a market cap of £179.93 million, a price-to-earnings ratio of 12.23 and a beta of 1.90. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.20 and a current ratio of 0.43.

Insider Activity at Hostelworld Group

In other news, insider Gary Morrison sold 382,197 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of GBX 111 ($1.47), for a total transaction of £424,238.67 ($563,323.16). Also, insider Caroline Sherry sold 207,864 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of GBX 111 ($1.47), for a total value of £230,729.04 ($306,372.38). 15.28% of the stock is currently owned by corporate insiders.

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.

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