Hostelworld Group (LON:HSW) Stock Crosses Below 50-Day Moving Average – Here’s What Happened

Hostelworld Group plc (LON:HSW) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 108.91 and traded as low as GBX 105. Hostelworld Group shares last traded at GBX 105, with a volume of 26,008 shares changing hands.

Wall Street Analysts Forecast Growth

HSW has been the subject of a number of recent analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 205 price objective on shares of Hostelworld Group in a research report on Friday, July 10th. Berenberg Bank reissued a “buy” rating and set a GBX 171 target price on shares of Hostelworld Group in a research report on Thursday, July 9th. Finally, 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. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 196.83.

Hostelworld Group Stock Performance

The company’s 50-day moving average is GBX 108.91 and its two-hundred day moving average is GBX 109.80. The company has a quick ratio of 1.20, a current ratio of 0.91 and a debt-to-equity ratio of 20.11. The company has a market cap of £129.45 million, a P/E ratio of 19.30 and a beta of 0.75.

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.