Hostelworld Group (LON:HSW) Stock Gets Price Target Reduction from Berenberg Bank

Hostelworld Group (LON:HSW) had its price objective reduced by Berenberg Bank from GBX 171 to GBX 150 in a research report released on Wednesday morning,Digital Look reports. They currently have a buy rating on the stock.

Several other equities research analysts have also recently commented on HSW. Canaccord Genuity Group dropped their target price on Hostelworld Group from GBX 205 to GBX 185 and set a “buy” rating on the stock in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 215 price target on shares of Hostelworld Group in a research note on Thursday, July 30th. Finally, Shore Capital Group reissued a “buy” rating and issued a GBX 230 price objective on shares of Hostelworld Group in a research note on Thursday, July 9th. Five investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 186.

Hostelworld Group Trading Down 1.5%

Shares of LON:HSW opened at GBX 89 on Wednesday. The company has a 50 day moving average of GBX 106.84 and a 200-day moving average of GBX 106.93. The firm has a market cap of £109.73 million, a P/E ratio of 17.80 and a beta of 0.90. Hostelworld Group has a twelve month low of GBX 85.20 and a twelve month high of GBX 141.50. 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 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.