Hostelworld Group (LON:HSW) Share Price Passes Below 50 Day Moving Average – Should You Sell?

Hostelworld Group plc (LON:HSW) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 108.80 and traded as low as GBX 106. Hostelworld Group shares last traded at GBX 106, with a volume of 2,408 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 215 target price on shares of Hostelworld Group in a report on Thursday, July 30th. Canaccord Genuity Group cut their price objective on Hostelworld Group from GBX 205 to GBX 185 and set a “buy” rating for the company in a report on Thursday, July 30th. Shore Capital Group restated a “buy” rating and issued a GBX 230 target price on shares of Hostelworld Group in a research note on Thursday, July 9th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 171 target price on shares of Hostelworld Group in a report on Wednesday, July 29th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Hostelworld Group currently has an average rating of “Buy” and a consensus target price of GBX 193.50.

Hostelworld Group Stock Down 5.7%

The company has a market cap of £123.29 million, a P/E ratio of 20.00 and a beta of 0.90. The company has a debt-to-equity ratio of 15.41, a current ratio of 0.86 and a quick ratio of 1.20. The business’s 50 day moving average price is GBX 108.70 and its 200-day moving average price is GBX 107.47.

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.