Hostelworld Group (LON:HSW) Share Price Passes Below 50 Day Moving Average – What’s Next?

Shares of Hostelworld Group plc (LON:HSW) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 108.91 and traded as low as GBX 105. Hostelworld Group shares last traded at GBX 105, with a volume of 26,008 shares changing hands.

Analyst Upgrades and Downgrades

HSW has been the topic of a number of recent research reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 171 target price on shares of Hostelworld Group in a research report on Thursday, July 9th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 205 price target on shares of Hostelworld Group in a research report on Friday, July 10th. Finally, Shore Capital Group reissued a “buy” rating and set a GBX 230 price objective on shares of Hostelworld Group in a research note on Thursday, July 9th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Hostelworld Group presently has a consensus rating of “Buy” and an average price target of GBX 196.83.

Hostelworld Group Trading Down 1.9%

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 company has a market cap of £129.45 million, a P/E ratio of 19.30 and a beta of 0.75. The stock has a 50-day moving average of GBX 108.91 and a two-hundred day moving average of GBX 109.80.

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.