Hostelworld Group (LON:HSW) Stock Crosses Below 50 Day Moving Average – What’s Next?

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 108.92 and traded as low as GBX 106.50. Hostelworld Group shares last traded at GBX 106.50, with a volume of 26,424 shares.

Analysts Set New Price Targets

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

Hostelworld Group Stock Performance

The company’s 50-day moving average price is GBX 108.82 and its 200 day moving average price is GBX 107.44. The company has a debt-to-equity ratio of 15.41, a quick ratio of 1.20 and a current ratio of 0.86. The stock has a market capitalization of £130.69 million, a PE ratio of 21.20 and a beta of 0.90.

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.