Hostelworld Group (LON:HSW) Shares Up 2.9% – Still a Buy?

Hostelworld Group plc (LON:HSW) shares shot up 2.9% on Tuesday. The company traded as high as GBX 86.40 and last traded at GBX 84.40. 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.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. 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 research report on Thursday, July 30th. Shore Capital Group reissued a “buy” rating and issued a GBX 220 price target on shares of Hostelworld Group in a report on Wednesday, October 7th. Deutsche Bank restated a “buy” rating and issued a GBX 215 price target on shares of Hostelworld Group in a research note on Thursday, July 30th. Finally, Berenberg Bank cut their price objective on Hostelworld Group from GBX 171 to GBX 150 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Four investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 192.50.

Hostelworld Group Trading Up 0.9%

The stock has a market cap of £105.78 million, a PE ratio of 17.16 and a beta of 0.90. The business’s fifty day moving average is GBX 94.43 and its 200 day moving average is GBX 104.80. The company has a quick ratio of 1.20, a current ratio of 0.86 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.