Peel Hunt Reiterates Buy Rating for Hostelworld Group (LON:HSW)

Peel Hunt restated their buy rating on shares of Hostelworld Group (LON:HSW) in a report published on Monday, ThisIsMoney.Co.Uk reports. The brokerage currently has a GBX 165 ($2.16) price objective on the stock, down from their previous price objective of GBX 260 ($3.40).

HSW has been the topic of a number of other research reports. Shore Capital reissued a buy rating on shares of Hostelworld Group in a research report on Tuesday, August 13th. Numis Securities reaffirmed a buy rating on shares of Hostelworld Group in a report on Monday, June 3rd. Finally, Berenberg Bank reaffirmed a hold rating on shares of Hostelworld Group in a report on Thursday, April 25th.

Shares of LON:HSW opened at GBX 146.40 ($1.91) on Monday. The company has a market capitalization of $139.92 million and a P/E ratio of 13.56. Hostelworld Group has a 1 year low of GBX 153.40 ($2.00) and a 1 year high of GBX 285 ($3.72). The business’s 50 day simple moving average is GBX 170.56 and its 200 day simple moving average is GBX 197.58.

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