Hostelworld Group (LON:HSW) Given "Buy" Rating at Berenberg Bank

Key Points

• Berenberg Bank reaffirmed a "Buy" rating on Hostelworld and set a GBX 171 target price, implying about a 70.4% upside from the previous close.
• Six analysts currently rate the stock a "Buy" with a consensus price target of GBX 196.83, and recent broker actions from Canaccord and Shore Capital also support buy ratings.
• Hostelworld opened at GBX 100.36 (market cap £123.7m) with a PE of 18.45 and a 52‑week range of GBX 93.73–148, while its 50- and 200-day moving averages are GBX 105.82 and GBX 117.28 respectively.

Hostelworld Group (LON:HSW - Get Free Report)'s stock had its "buy" rating reaffirmed by Berenberg Bank in a research note issued to investors on Monday,London Stock Exchange reports. They currently have a GBX 171 target price on the stock. Berenberg Bank's price target would suggest a potential upside of 70.39% from the company's previous close.

A number of other analysts have also recently commented on the company. Canaccord Genuity Group lifted their price objective on Hostelworld Group from GBX 200 to GBX 205 and gave the stock a "buy" rating in a research report on Friday, March 27th. Shore Capital Group reiterated a "buy" rating on shares of Hostelworld Group in a research report on Thursday, March 26th. Six equities 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 196.83.

Hostelworld Group Trading Up 0.4%

Hostelworld Group stock opened at GBX 100.36 on Monday. The stock has a market cap of £123.73 million, a PE ratio of 18.45 and a beta of 0.77. The stock has a 50-day moving average price of GBX 105.82 and a 200 day moving average price of GBX 117.28. Hostelworld Group has a 52 week low of GBX 93.73 and a 52 week high of GBX 148. The company has a current ratio of 0.91, a quick ratio of 1.20 and a debt-to-equity ratio of 20.11.

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.

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