Hostelworld Group (LON:HSW) Stock Passes Above 50 Day Moving Average – What’s Next?

Hostelworld Group plc (LON:HSW)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 104.77 and traded as high as GBX 107. Hostelworld Group shares last traded at GBX 107, with a volume of 152,907 shares trading hands.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Shore Capital Group reissued a “buy” rating on shares of Hostelworld Group in a research note on Thursday, March 26th. Canaccord Genuity Group increased their price objective on Hostelworld Group from GBX 200 to GBX 205 and gave the company a “buy” rating in a research note on Friday, March 27th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 171 price objective on shares of Hostelworld Group in a research note on Monday, April 13th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 196.83.

Hostelworld Group Stock Performance

The company has a quick ratio of 1.20, a current ratio of 0.91 and a debt-to-equity ratio of 20.11. The company has a market cap of £133.77 million, a P/E ratio of 19.94 and a beta of 0.77. The business has a fifty day moving average of GBX 104.77 and a 200 day moving average of GBX 115.81.

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.