Hostelworld Group (LON:HSW) Stock Passes Above 50 Day Moving Average - What's Next?

Key Points

• Technical move: HSW crossed above its 50-day moving average (GBX 104.77) and traded as high as GBX 107 on Thursday with ~152,907 shares changing hands, signaling short-term bullish momentum.
• Analyst sentiment: Six analysts rate the stock a "Buy" with a consensus target of GBX 196.83 (Canaccord raised its target to GBX 205), implying roughly an 84% upside from the current price.
• Fundamentals and profile: Hostelworld is a Dublin-based online hostel travel agent with a market cap of £133.8M, a P/E of 19.94 and beta 0.77, modest leverage (debt/equity 20.11) and mixed liquidity ratios (current 0.91, quick 1.20).

Hostelworld Group plc (LON:HSW - Get Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 104.77 and traded as high as GBX 107. Hostelworld Group shares last traded at GBX 107, with a volume of 152,907 shares traded.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HSW. Canaccord Genuity Group upped their target price on Hostelworld Group from GBX 200 to GBX 205 and gave the stock a "buy" rating in a research note on Friday, March 27th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 171 target price on shares of Hostelworld Group in a research note on Monday, April 13th. Finally, Shore Capital Group reaffirmed a "buy" rating on shares of Hostelworld Group in a research note on Thursday, March 26th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat, Hostelworld Group has an average rating of "Buy" and a consensus price target of GBX 196.83.

Hostelworld Group Stock Performance

The stock has a market cap of £133.77 million, a PE ratio of 19.94 and a beta of 0.77. The company has a debt-to-equity ratio of 20.11, a current ratio of 0.91 and a quick ratio of 1.20. The business has a 50 day moving average price of GBX 104.77 and a two-hundred day moving average price of GBX 115.81.

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. 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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