Hostelworld Group (LON:HSW) Given “Buy” Rating at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Hostelworld Group (LON:HSW) in a research note issued to investors on Tuesday morning, MarketBeat reports. Canaccord Genuity Group currently has a GBX 247 ($3.23) target price on the stock.

Other equities research analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft reaffirmed a buy rating and issued a GBX 215 ($2.81) target price on shares of Hostelworld Group in a report on Monday, August 12th. Shore Capital reaffirmed a buy rating on shares of Hostelworld Group in a research note on Tuesday.

Hostelworld Group Stock Performance

LON HSW opened at GBX 137.50 ($1.80) on Tuesday. The firm’s 50 day simple moving average is GBX 140.65 and its 200 day simple moving average is GBX 150.19. The firm has a market capitalization of £171.86 million, a price-to-earnings ratio of 1,350.00 and a beta of 1.90. The company has a current ratio of 0.43, a quick ratio of 1.20 and a debt-to-equity ratio of 0.81. Hostelworld Group has a 1 year low of GBX 101 ($1.32) and a 1 year high of GBX 173.50 ($2.27).

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.