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

Hostelworld Group (LON:HSW)‘s stock had its “buy” rating restated by analysts at Shore Capital Group in a note issued to investors on Thursday,Digital Look reports. They currently have a GBX 230 target price on the stock. Shore Capital Group’s price objective would suggest a potential upside of 110.24% from the stock’s previous close.

A number of other analysts have also recently issued reports on the company. Berenberg Bank restated a “buy” rating and set a GBX 171 price objective on shares of Hostelworld Group in a research report on Thursday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 205 target price on shares of Hostelworld Group in a research report on Wednesday, May 27th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 196.83.

Hostelworld Group Trading Down 0.5%

Hostelworld Group stock opened at GBX 109.40 on Thursday. The business has a 50 day moving average price of GBX 108.98 and a two-hundred day moving average price of GBX 110.38. The company has a quick ratio of 1.20, a current ratio of 0.91 and a debt-to-equity ratio of 20.11. The stock has a market cap of £134.88 million, a price-to-earnings ratio of 20.11 and a beta of 0.75. Hostelworld Group has a 12 month low of GBX 93.73 and a 12 month high of GBX 141.50.

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. In addition, it engages in the technology trading business. The company was founded in 1999 and is based in Dublin, Ireland.