Hostelworld Group (LON:HSW) Given “Buy” Rating at Berenberg Bank

Hostelworld Group (LON:HSW)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a report released on Monday,London Stock Exchange reports. They currently have a GBX 171 price target on the stock. Berenberg Bank’s target price would suggest a potential upside of 70.39% from the stock’s current price.

Several other research firms have also weighed in on HSW. Canaccord Genuity Group lifted 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. Shore Capital Group reissued a “buy” rating on shares of Hostelworld Group in a research report on Thursday, March 26th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 196.83.

Hostelworld Group Stock Performance

LON HSW opened at GBX 100.36 on Monday. The firm has a market capitalization of £123.73 million, a P/E ratio of 18.45 and a beta of 0.77. Hostelworld Group has a 1-year low of GBX 93.73 and a 1-year high of GBX 148. The company has a debt-to-equity ratio of 20.11, a current ratio of 0.91 and a quick ratio of 1.20. The business’s 50-day simple moving average is GBX 105.82 and its 200-day simple moving average is GBX 117.28.

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.