Hostelworld Group (LON:HSW) Shares Cross Above 50-Day Moving Average – Should You Sell?

Hostelworld Group plc (LON:HSW) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 108.62 and traded as high as GBX 115. Hostelworld Group shares last traded at GBX 115, with a volume of 23,421 shares trading hands.

Analyst Ratings Changes

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

Hostelworld Group Stock Performance

The company’s fifty day moving average price is GBX 108.62 and its 200 day moving average price is GBX 107.84. The company has a market cap of £141.78 million, a PE ratio of 23.00 and a beta of 0.90. The company has a debt-to-equity ratio of 15.41, a current ratio of 0.86 and a quick ratio of 1.20.

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.