Hostelworld Group (LON:HSW) Trading Up 3.2% - Time to Buy?

Key Points

• Shares of Hostelworld Group (LON:HSW) rose by 3.2% during trading, closing at GBX 120.73 ($1.62).
• Research firms, including Deutsche Bank and Canaccord Genuity, have given a buy rating for the stock with target prices ranging from GBX 200 to GBX 215.
• Hostelworld Group specializes in the hostel market as an online travel agent and has a market capitalization of £152.02 million.

Shares of Hostelworld Group plc (LON:HSW - Get Free Report) shot up 3.2% during trading on Tuesday . The stock traded as high as GBX 121 ($1.63) and last traded at GBX 120.73 ($1.62). 107,381 shares were traded during mid-day trading, a decline of 39% from the average session volume of 177,482 shares. The stock had previously closed at GBX 117 ($1.57).

Analyst Ratings Changes

A number of research firms have recently commented on HSW. 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. Shore Capital restated a "buy" rating on shares of Hostelworld Group in a research report on Wednesday, July 30th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 200 price objective on shares of Hostelworld Group in a research note on Monday, August 4th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of GBX 220.67.

Hostelworld Group Trading Up 3.2%

The company has a fifty day simple moving average of GBX 117.50 and a 200-day simple moving average of GBX 120.14. The company has a market capitalization of £152.02 million, a PE ratio of 2,046.22 and a beta of 1.90. The company has a current ratio of 0.43, a quick ratio of 1.20 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.

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