Hostelworld Group plc (LON:HSW – Get Free Report)’s share price dropped 9.2% during mid-day trading on Wednesday after Berenberg Bank lowered their price target on the stock from GBX 171 to GBX 150. Berenberg Bank currently has a buy rating on the stock. Hostelworld Group traded as low as GBX 85.20 and last traded at GBX 92.60. Approximately 492,391 shares were traded during trading, an increase of 126% from the average daily volume of 217,574 shares. The stock had previously closed at GBX 102.
Several other analysts also recently weighed in on HSW. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 215 target price on shares of Hostelworld Group in a research note on Thursday, July 30th. Canaccord Genuity Group cut their price target on Hostelworld Group from GBX 205 to GBX 185 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Finally, Shore Capital Group reissued a “buy” rating and issued a GBX 230 price target on shares of Hostelworld Group in a report on Thursday, July 9th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 188.33.
Read Our Latest Research Report on HSW
Trending Headlines about Hostelworld Group
- Positive Sentiment: Shore Capital reaffirmed its Buy rating and maintained a GBX 220 price target, indicating substantial potential upside in its valuation. Hostelworld Group’s Buy Rating Reiterated at Shore Capital Group
- Positive Sentiment: Hostelworld reported third-quarter revenue of approximately €27.9 million, representing 7% year-over-year growth. The result suggests pricing, mix or other revenue-per-transaction improvements are partly offsetting softer demand. Hostelworld Reports 7% Q3 Revenue Growth as Transactions Decline 2%
- Neutral Sentiment: Berenberg lowered its price target from GBX 171 to GBX 150 but retained a Buy rating. The reduced target reflects more cautious near-term assumptions while preserving a positive longer-term view. Hostelworld Group Stock Price Target Lowered at Berenberg Bank
- Negative Sentiment: Transactions declined 2% in the third quarter, and management warned of volume pressure. The weaker activity outlook is the main reason the company expects full-year earnings to miss market consensus, increasing concerns about demand and operating leverage. Hostelworld warns FY earnings will miss consensus expectations
Hostelworld Group Stock Performance
The company has a market capitalization of £114.17 million, a price-to-earnings ratio of 18.52 and a beta of 0.90. The company has a debt-to-equity ratio of 15.41, a quick ratio of 1.20 and a current ratio of 0.86. The company’s fifty day simple moving average is GBX 107.67 and its two-hundred day simple moving average is GBX 107.26.
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.
Further Reading
- Five stocks we like better than Hostelworld Group
- Alphabet’s Chart Is Coiling—and the Fundamentals May Be Ready to Back It Up
- Morgan Stanley Is Bullish on Apple—But With a Catch
- Disney Is Opening the Door to Netflix—and Changing the Streaming Playbook
- DraftKings Stacks the Deck: The $800M Prediction Pivot
Receive News & Ratings for Hostelworld Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hostelworld Group and related companies with MarketBeat.com's FREE daily email newsletter.
