Hostelworld Group (LON:HSW) Shares Pass Below 200-Day Moving Average - Here's What Happened

Key Points

• Hostelworld Group's stock crossed below its 200-day moving average, hitting a low of GBX 111.50 ($1.50) during trading.
• Research analysts have given the stock a "buy" rating, with Canaccord Genuity setting a price objective of GBX 200, and Deutsche Bank aiming for GBX 215.
• The company operates as an online travel agent focusing on hostels, providing software and data processing services for accommodation bookings globally.

Hostelworld Group plc (LON:HSW - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 122.25 ($1.65) and traded as low as GBX 111.50 ($1.51). Hostelworld Group shares last traded at GBX 121.50 ($1.64), with a volume of 160,218 shares.

Analyst Ratings Changes

Several equities analysts recently weighed in on HSW shares. Shore Capital restated a "buy" rating on shares of Hostelworld Group in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 215 target price on shares of Hostelworld Group in a research report on Thursday, July 31st. Finally, Canaccord Genuity Group restated a "buy" rating and issued a GBX 200 price target on shares of Hostelworld Group in a research report on Monday, August 4th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, Hostelworld Group currently has a consensus rating of "Buy" and a consensus price target of GBX 220.67.

Hostelworld Group Trading Up 0.4%

The company's fifty day simple moving average is GBX 125.72 and its two-hundred day simple moving average is GBX 122.04. The company has a market capitalization of £179.93 million, a price-to-earnings ratio of 12.23 and a beta of 1.90. The company has a quick ratio of 1.20, a current ratio of 0.43 and a debt-to-equity ratio of 0.81.

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.