Shore Capital Reaffirms Buy Rating for Hostelworld Group (LON:HSW)

Key Points

• Shore Capital has reaffirmed its buy rating for Hostelworld Group (LON:HSW), setting a price target of GBX 230, indicating a potential upside of 86.99% from the stock's previous close.
• Other analysts like Deutsche Bank and Canaccord Genuity have also issued buy ratings for Hostelworld, with target prices of GBX 215 and GBX 200 respectively.
• Hostelworld Group's stock has recently traded at GBX 123, with a market cap of £154.41 million and a PE ratio of 2,084.75.

Hostelworld Group (LON:HSW - Get Free Report)'s stock had its "buy" rating restated by stock analysts at Shore Capital in a research report issued on Thursday,Digital Look reports. They currently have a GBX 230 price target on the stock. Shore Capital's target price indicates a potential upside of 86.99% from the stock's previous close.

A number of other analysts have also issued reports on HSW. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 215 target price on shares of Hostelworld Group in a research note on Thursday, July 31st. Canaccord Genuity Group restated a "buy" rating and set a GBX 200 price objective on shares of Hostelworld Group in a report on Monday, August 4th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of GBX 223.

Hostelworld Group Stock Performance

Shares of HSW stock traded up GBX 5 during trading hours on Thursday, reaching GBX 123. The company had a trading volume of 363,427 shares, compared to its average volume of 179,722. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.20 and a current ratio of 0.43. The firm has a market cap of £154.41 million, a PE ratio of 2,084.75 and a beta of 1.90. The business has a fifty day moving average price of GBX 116.79 and a 200-day moving average price of GBX 119.84. Hostelworld Group has a one year low of GBX 105 and a one year high of GBX 148.

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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