Canaccord Genuity Group Cuts Hostelworld Group (LON:HSW) Price Target to GBX 185

Hostelworld Group (LON:HSW) had its price target cut by Canaccord Genuity Group from GBX 205 to GBX 185 in a research note released on Thursday morning,Digital Look reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Shore Capital Group restated a “buy” rating and issued a GBX 230 target price on shares of Hostelworld Group in a report on Thursday, July 9th. Berenberg Bank reiterated a “buy” rating and set a GBX 171 price target on shares of Hostelworld Group in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 215 price target on shares of Hostelworld Group in a research report on Thursday. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 193.50.

Hostelworld Group Stock Performance

HSW opened at GBX 104 on Thursday. 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 has a market cap of £128.22 million, a PE ratio of 19.12 and a beta of 0.96. The stock has a 50-day moving average of GBX 108.48 and a 200-day moving average of GBX 108.49. Hostelworld Group has a 52-week low of GBX 93.73 and a 52-week high of GBX 141.50.

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