Hostelworld Group (LON:HSW) Price Target Cut to GBX 185 by Analysts at Canaccord Genuity Group

Hostelworld Group (LON:HSW) had its target price lowered by Canaccord Genuity Group from GBX 205 to GBX 185 in a research note issued to investors on Thursday,Digital Look reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 74.53% from the company’s previous close.

Several other research analysts also recently commented on HSW. Berenberg Bank restated a “buy” rating and set a GBX 171 price objective on shares of Hostelworld Group in a research report on Wednesday. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 230 target price on shares of Hostelworld Group in a report on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 215 price target on shares of Hostelworld Group in a research note on Thursday. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 193.50.

Hostelworld Group Price Performance

Shares of Hostelworld Group stock traded up GBX 1.50 on Thursday, reaching GBX 106. 144,397 shares of the stock were exchanged, compared to its average volume of 163,280. The company has a debt-to-equity ratio of 20.11, a quick ratio of 1.20 and a current ratio of 0.91. The firm has a market cap of £130.69 million, a PE ratio of 19.49 and a beta of 0.75. The firm’s 50 day moving average is GBX 108.68 and its 200-day moving average is GBX 108.65. Hostelworld Group has a one year low of GBX 93.73 and a one year high of GBX 141.50.

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.