Hostelworld Group (LON:HSW) Stock Price Target Cut by Berenberg Bank

Hostelworld Group (LON:HSW) had its target price lowered by equities researchers at Berenberg Bank from GBX 171 to GBX 150 in a report issued on Wednesday, Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 65.93% from the stock’s current price.

A number of other analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 215 price target on shares of Hostelworld Group in a research report on Thursday, July 30th. Shore Capital Group reaffirmed a “buy” rating and set a GBX 230 price objective on shares of Hostelworld Group in a research report on Thursday, July 9th. Finally, Canaccord Genuity Group lowered their price objective on Hostelworld Group from GBX 205 to GBX 185 and set a “buy” rating for the company in a research note on Thursday, July 30th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 188.33.

Hostelworld Group Price Performance

Shares of HSW opened at GBX 90.40 on Wednesday. Hostelworld Group has a fifty-two week low of GBX 85.20 and a fifty-two week high of GBX 141.50. The firm’s 50-day simple moving average is GBX 107.14 and its two-hundred day simple moving average is GBX 107.06. The stock has a market cap of £111.45 million, a PE ratio of 18.08 and a beta of 0.90. The company has a debt-to-equity ratio of 15.41, a quick ratio of 1.20 and a current ratio of 0.86.

Hostelworld Group News Summary

Here are the key news stories impacting Hostelworld Group this week:

• Positive Sentiment: Hostelworld reported third-quarter revenue of €27.9 million, up 7% year over year, indicating that average booking value and other revenue factors are partly offsetting softer transaction volumes. Hostelworld Reports 7% Q3 Revenue Growth as Transactions Decline 2%
• Positive Sentiment: Shore Capital reaffirmed its “buy” rating and maintained a GBX 220 price target, implying substantial upside from recent trading levels. Hostelworld Group’s Buy Rating Reiterated at Shore Capital
• Neutral Sentiment: Berenberg retained a “buy” recommendation but reduced its price target from GBX 171 to GBX 150, reflecting a more cautious outlook while still viewing the shares as undervalued. Hostelworld Group Stock Price Target Lowered at Berenberg Bank
• Negative Sentiment: Transactions declined 2% in the third quarter, and Hostelworld warned that travel demand has been affected by geopolitical conflict. Management now expects full-year earnings to miss consensus expectations, raising concerns about near-term growth and profitability. Hostelworld Shares Drop as Conflict Dampens Travel Demand

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.