Hostelworld Group (LON:HSW) Given "Buy" Rating at 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 published on Wednesday, MarketBeat reports.

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

Hostelworld Group Stock Up 0.1%

Shares of LON:HSW traded up GBX 0.18 ($0.00) during midday trading on Wednesday, hitting GBX 117.68 ($1.56). 157,042 shares of the stock were exchanged, compared to its average volume of 191,909. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.20 and a current ratio of 0.43. Hostelworld Group has a 52-week low of GBX 105 ($1.39) and a 52-week high of GBX 150 ($1.99). The business's fifty day simple moving average is GBX 126.52 and its two-hundred day simple moving average is GBX 123.74. The company has a market capitalization of £177.18 million, a PE ratio of 12.04 and a beta of 1.90.

Insider Buying and Selling

In related news, insider Caroline Sherry sold 207,864 shares of the business'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 £230,729.04 ($306,250.38). Also, insider Gary Morrison sold 382,197 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of GBX 111 ($1.47), for a total transaction of £424,238.67 ($563,098.85). 15.28% of the stock is currently owned by insiders.

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.