Hostelworld Group (LON:HSW) Receives "Buy" Rating from Shore Capital

Key Points

• Hostelworld Group's stock received a reaffirmed "buy" rating from Shore Capital, indicating confidence in its performance.
• Deutsche Bank also issued a "buy" rating with a price target of GBX 215 ($2.87) for Hostelworld Group shares.
• Insider transactions included significant sales, with two insiders selling over 590,000 shares at an average price of GBX 111 ($1.48).

Shore Capital reaffirmed their buy rating on shares of Hostelworld Group (LON:HSW - Free Report) in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports.

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 215 ($2.85) target price on shares of Hostelworld Group in a research report on Friday, July 11th.

Hostelworld Group Trading Up 0.1%

Shares of Hostelworld Group stock traded up GBX 0.18 ($0.00) on Wednesday, hitting GBX 117.68 ($1.56). 157,042 shares of the company's stock traded hands, compared to its average volume of 191,909. The company has a fifty day moving average of GBX 126.57 and a two-hundred day moving average of GBX 123.95. Hostelworld Group has a one year low of GBX 105 ($1.39) and a one year high of GBX 150 ($1.99). The company has a market capitalization of £177.18 million, a price-to-earnings ratio of 12.04 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.

Insider Buying and Selling

In other Hostelworld Group news, insider Caroline Sherry sold 207,864 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of GBX 111 ($1.47), for a total transaction of £230,729.04 ($306,250.38). Also, insider Gary Morrison sold 382,197 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of GBX 111 ($1.47), for a total value of £424,238.67 ($563,098.85). Insiders own 15.28% of the company's stock.

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.