Hostelworld Group (LON:HSW) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Hostelworld Group plc (LON:HSW) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 104.77 and traded as high as GBX 107. Hostelworld Group shares last traded at GBX 107, with a volume of 152,907 shares changing hands.

Analysts Set New Price Targets

HSW has been the subject of a number of recent research reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 171 target price on shares of Hostelworld Group in a research report on Monday, April 13th. Canaccord Genuity Group increased their target price on shares of Hostelworld Group from GBX 200 to GBX 205 and gave the company a “buy” rating in a research report on Friday, March 27th. Finally, Shore Capital Group reiterated a “buy” rating on shares of Hostelworld Group in a research report on Thursday, March 26th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 196.83.

Hostelworld Group Stock Performance

The stock has a market capitalization of £131.92 million, a price-to-earnings ratio of 19.67 and a beta of 0.77. The company’s 50-day moving average is GBX 104.77 and its 200-day moving average is GBX 115.81. The company has a quick ratio of 1.20, a current ratio of 0.91 and a debt-to-equity ratio of 20.11.

About Hostelworld Group

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.