Hostelworld Group (LON:HSW) Given Buy Rating at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Hostelworld Group (LON:HSW) in a research note published on Monday morning, MarketBeat reports. The firm currently has a GBX 200 ($2.66) target price on the stock.

Several other brokerages have also commented on HSW. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 215 ($2.86) price objective on shares of Hostelworld Group in a report on Thursday, July 31st. Shore Capital reissued a “buy” rating on shares of Hostelworld Group in a research report on Wednesday, July 30th.

Hostelworld Group Stock Performance

Shares of HSW opened at GBX 120 ($1.59) on Monday. Hostelworld Group has a 12 month low of GBX 105 ($1.40) and a 12 month high of GBX 150 ($1.99). The stock has a fifty day moving average price of GBX 126.52 and a 200-day moving average price of GBX 123.57. The company has a current ratio of 0.43, a quick ratio of 1.20 and a debt-to-equity ratio of 0.81. The firm has a market cap of £180.68 million, a PE ratio of 12.28 and a beta of 1.90.

Insider Buying and Selling at Hostelworld Group

In related news, insider Gary Morrison sold 382,197 shares of the company’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of GBX 111 ($1.48), for a total value of £424,238.67 ($563,847.25). Also, insider Caroline Sherry sold 207,864 shares of the company’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of GBX 111 ($1.48), for a total value of £230,729.04 ($306,657.42). 15.28% of the stock is owned by corporate insiders.

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.