Canaccord Genuity Group Reaffirms “Buy” Rating for Hostelworld Group (LON:HSW)

Canaccord Genuity Group restated their buy rating on shares of Hostelworld Group (LON:HSW) in a research note released on Friday, Marketbeat.com reports. The brokerage currently has a GBX 247 ($3.19) price target on the stock.

Separately, Shore Capital reaffirmed a “buy” rating on shares of Hostelworld Group in a research note on Thursday.

Hostelworld Group Price Performance

Shares of LON HSW opened at GBX 130 ($1.68) on Friday. Hostelworld Group has a fifty-two week low of GBX 120 ($1.55) and a fifty-two week high of GBX 170 ($2.20). The company has a 50 day simple moving average of GBX 129.03 and a two-hundred day simple moving average of GBX 133.16. The company has a market capitalization of £195.73 million, a price-to-earnings ratio of 13.31 and a beta of 1.90. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.20 and a current ratio of 0.43.

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.