Hostelworld Group (LON:HSW) Stock Price Up 2.9% – Should You Buy?

Hostelworld Group plc (LON:HSW)’s stock price traded up 2.9% on Tuesday. The stock traded as high as GBX 86.40 and last traded at GBX 84.40. Approximately 89,210 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 211,026 shares. The stock had previously closed at GBX 82.

Analysts Set New Price Targets

A number of brokerages have commented on HSW. Canaccord Genuity Group reduced their target price on shares of Hostelworld Group from GBX 205 to GBX 185 and set a “buy” rating for the company in a report on Thursday, July 30th. Shore Capital Group reiterated a “buy” rating and set a GBX 220 price target on shares of Hostelworld Group in a research note on Wednesday, October 7th. Berenberg Bank cut their price objective on shares of Hostelworld Group from GBX 171 to GBX 150 and set a “buy” rating for the company in a research report on Wednesday, October 7th. 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. Four equities 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 price target of GBX 192.50.

Hostelworld Group Trading Up 2.9%

The stock’s 50 day moving average price is GBX 94.94 and its 200-day moving average price is GBX 104.96. The company has a quick ratio of 1.20, a current ratio of 0.86 and a debt-to-equity ratio of 15.41. The stock has a market capitalization of £104.06 million, a PE ratio of 16.88 and a beta of 0.90.

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.