Hostelworld Group (LON:HSW) Receives Buy Rating from Canaccord Genuity Group

Hostelworld Group (LON:HSW)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity Group in a research note issued on Friday,Digital Look reports. They presently have a GBX 205 target price on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 92.22% from the stock’s current price.

HSW has been the subject of several other research reports. Berenberg Bank reiterated a “buy” rating and set a GBX 171 price objective on shares of Hostelworld Group in a research report on Thursday. Shore Capital Group restated a “buy” rating and set a GBX 230 price objective on shares of Hostelworld Group in a report on Thursday. Six research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 196.83.

Hostelworld Group Stock Down 0.3%

HSW opened at GBX 106.65 on Friday. The firm has a 50-day simple moving average of GBX 108.95 and a two-hundred day simple moving average of GBX 110.29. Hostelworld Group has a 52 week low of GBX 93.73 and a 52 week high of GBX 141.50. The company has a market capitalization of £131.49 million, a PE ratio of 19.60 and a beta of 0.75. The company has a quick ratio of 1.20, a current ratio of 0.91 and a debt-to-equity ratio of 20.11.

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.