Hostelworld Group (LON:HSW) Price Target Cut to GBX 145 by Analysts at Berenberg Bank

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Hostelworld Group (LON:HSW) had its price objective lowered by Berenberg Bank from GBX 230 ($3.01) to GBX 145 ($1.89) in a research report report published on Thursday, Digital Look reports. The firm currently has a hold rating on the stock.

Other research analysts have also recently issued research reports about the stock. Numis Securities restated a buy rating on shares of Hostelworld Group in a report on Monday, June 3rd. Peel Hunt restated an add rating on shares of Hostelworld Group in a report on Friday, August 30th. Finally, Shore Capital restated a buy rating on shares of Hostelworld Group in a report on Wednesday, August 28th.

HSW traded up GBX 3.20 ($0.04) during trading hours on Thursday, hitting GBX 131.20 ($1.71). 94,796 shares of the company’s stock were exchanged, compared to its average volume of 70,438. Hostelworld Group has a 1-year low of GBX 133.53 ($1.74) and a 1-year high of GBX 251.50 ($3.29). The stock’s 50-day moving average is GBX 158.69 and its two-hundred day moving average is GBX 192.69. The stock has a market cap of $125.39 million and a price-to-earnings ratio of 12.15. The company has a quick ratio of 1.55, a current ratio of 1.63 and a debt-to-equity ratio of 3.61.

The company also recently declared a dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 29th will be paid a €0.04 ($0.05) dividend. This represents a yield of 2.62%. The ex-dividend date is Thursday, August 29th. Hostelworld Group’s dividend payout ratio is currently 1.11%.

About Hostelworld Group

Hostelworld Group Plc operates an online hostel-booking platform worldwide. The company provides software and data processing services that facilitate hostel, B&B, hotel, and other accommodation bookings. It operates through its Hostelworld flagship brand, as well as under the Hostelbookers and Hostels.com brands.

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