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Hostelworld Group (LON:HSW) Stock Price Passes Below Fifty Day Moving Average - What's Next?

Hostelworld Group logo with Consumer Cyclical background

Key Points

  • Hostelworld Group's share price fell below its fifty-day moving average of GBX 122.87, trading as low as GBX 115.50 during Monday's session.
  • A consensus of analysts maintains a "Buy" rating for Hostelworld Group, with price targets set at GBX 215 from Deutsche Bank and GBX 200 from Canaccord Genuity.
  • Hostelworld Group operates as an online travel agent primarily for hostels, offering various services including software and marketing planning for accommodation bookings.
  • MarketBeat previews top five stocks to own in November.

Hostelworld Group plc (LON:HSW - Get Free Report) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 122.87 ($1.67) and traded as low as GBX 115.50 ($1.57). Hostelworld Group shares last traded at GBX 116 ($1.57), with a volume of 203,376 shares traded.

Analysts Set New Price Targets

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

Get Our Latest Analysis on HSW

Hostelworld Group Price Performance

The company has a market capitalization of £147.33 million, a price-to-earnings ratio of 1,983.05 and a beta of 1.90. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.43 and a quick ratio of 1.20. The business has a fifty day moving average price of GBX 121.34 and a 200 day moving average price of GBX 120.78.

About Hostelworld Group

(Get Free Report)

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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