Hostelworld Group (LON:HSW) Stock Rating Reaffirmed as “Buy” by Shore Capital Group

Hostelworld Group (LON:HSW)‘s stock had its “buy” rating restated by investment analysts at Shore Capital Group in a report issued on Wednesday, Digital Look reports. They presently have a GBX 220 price target on the stock. Shore Capital Group’s target price would suggest a potential upside of 147.19% from the stock’s current price.

A number of other research analysts have also recently issued reports on the stock. Canaccord Genuity Group decreased their price objective on shares of Hostelworld Group from GBX 205 to GBX 185 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Berenberg Bank decreased their price target on Hostelworld Group from GBX 171 to GBX 150 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 215 price target on shares of Hostelworld Group in a report on Thursday, July 30th. Five equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Hostelworld Group presently has a consensus rating of “Buy” and a consensus price target of GBX 186.

Hostelworld Group Price Performance

Hostelworld Group stock traded down GBX 1.40 during trading hours on Wednesday, reaching GBX 89. 29,052 shares of the stock were exchanged, compared to its average volume of 217,522. The company has a current ratio of 0.86, a quick ratio of 1.20 and a debt-to-equity ratio of 15.41. Hostelworld Group has a twelve month low of GBX 85.20 and a twelve month high of GBX 141.50. The company has a market cap of £109.73 million, a P/E ratio of 17.80 and a beta of 0.90. The stock has a 50 day moving average of GBX 106.84 and a two-hundred day moving average of GBX 106.93.

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.