Hostelworld Group (LON:HSW) Receives Buy Rating from Canaccord Genuity Group

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.

Canaccord Genuity Group reiterated their buy rating on shares of Hostelworld Group (LON:HSW - Free Report) in a research note published on Monday, MarketBeat Ratings reports. The brokerage currently has a GBX 200 ($2.69) target price on the stock.

Other equities research analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 215 ($2.89) price objective on shares of Hostelworld Group in a research note on Thursday, July 31st. Shore Capital reissued a "buy" rating on shares of Hostelworld Group in a research note on Wednesday, July 30th.

Hostelworld Group Price Performance

LON HSW traded down GBX 1.50 ($0.02) during trading hours on Monday, reaching GBX 116 ($1.56). The company's stock had a trading volume of 76,317 shares, compared to its average volume of 189,254. The stock has a market cap of £174.66 million, a PE ratio of 11.87 and a beta of 1.90. Hostelworld Group has a fifty-two week low of GBX 105 ($1.41) and a fifty-two week high of GBX 150 ($2.02). The company's 50-day moving average is GBX 126.07 and its two-hundred day moving average is GBX 123.33. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.20 and a current ratio of 0.43.

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.