Canaccord Genuity Group Reiterates “Buy” Rating for Hostelworld Group (LON:HSW)

Hostelworld Group (LON:HSW)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group in a research note issued on Friday, MarketBeat.com reports. They presently have a GBX 247 ($3.19) price objective on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 90.00% from the company’s current price.

Separately, Shore Capital reaffirmed a “buy” rating on shares of Hostelworld Group in a report on Thursday.

Hostelworld Group Stock Down 1.1 %

HSW stock opened at GBX 130 ($1.68) on Friday. Hostelworld Group has a twelve month low of GBX 120 ($1.55) and a twelve month high of GBX 170 ($2.19). The company has a current ratio of 0.43, a quick ratio of 1.20 and a debt-to-equity ratio of 0.81. The company has a market capitalization of £195.73 million, a P/E ratio of 13.31 and a beta of 1.90. The firm has a 50 day simple moving average of GBX 129.03 and a 200-day simple moving average of GBX 133.24.

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.