Download full report with analyst certification and important disclosures
Aug 28 2020, 07:00 IST/BST
Prompt and purposeful work on the ‘controllables’ (reducing costs, reinforcing the balance sheet, retaining strategic initiatives) suggest that Hostelworld will be an outperformer when the ‘uncontrollables’ begin to move in its favour. Our new 12-month price target of £1.10 implies circa 75% capital appreciation potential, while scrip dividends ensure income is maintained.
Aug 28 2020, 07:00 IST/BST