Canaccord Genuity Group Forecasts Strong Price Appreciation for Hostelworld Group (LON:HSW) Stock

Hostelworld Group (LON:HSW) had its price objective upped by investment analysts at Canaccord Genuity Group from GBX 200 to GBX 205 in a note issued to investors on Friday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 109.18% from the stock’s previous close.

Separately, Shore Capital Group reaffirmed a “buy” rating on shares of Hostelworld Group in a research note on Thursday. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, Hostelworld Group presently has a consensus rating of “Buy” and a consensus price target of GBX 202.

Hostelworld Group Price Performance

Shares of Hostelworld Group stock opened at GBX 98 on Friday. The firm has a market cap of £121.10 million, a PE ratio of 16.61 and a beta of 0.76. Hostelworld Group has a 12-month low of GBX 96.98 and a 12-month high of GBX 148. The company has a quick ratio of 1.20, a current ratio of 0.91 and a debt-to-equity ratio of 20.11. The company’s fifty day simple moving average is GBX 109.44 and its two-hundred day simple moving average is GBX 118.42.

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.