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

Shore Capital reaffirmed their buy rating on shares of Hostelworld Group (LON:HSW - Free Report) in a research note published on Thursday morning, Marketbeat reports.

Separately, Canaccord Genuity Group restated a "buy" rating and issued a GBX 247 ($3.36) price objective on shares of Hostelworld Group in a report on Friday, March 21st.

Hostelworld Group Trading Down 8.8%

Hostelworld Group stock traded down GBX 12.50 ($0.17) during trading hours on Thursday, reaching GBX 129 ($1.75). 489,196 shares of the company's stock traded hands, compared to its average volume of 200,992. 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 fifty-two week low of GBX 105 ($1.43) and a fifty-two week high of GBX 155.50 ($2.11). The firm has a market capitalization of £194.23 million, a price-to-earnings ratio of 13.20 and a beta of 1.90. The firm's 50 day moving average is GBX 123.64 and its 200-day moving average is GBX 124.76.

Insider Activity

In related news, insider Gary Morrison sold 382,197 shares of Hostelworld Group stock in a transaction dated Friday, May 9th. The shares were sold at an average price of GBX 111 ($1.51), for a total transaction of £424,238.67 ($576,332.93). Also, 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 ($1.51), for a total value of £230,729.04 ($313,447.96). 15.28% of the stock is owned by corporate insiders.

About Hostelworld Group

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.