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It’s not often I see a small cap on the FTSE All-share index get tipped by big-name brokers like Deutsche Bank. But this up-and-coming Dublin outfit has been popping up on my radar all week, so I had to get the lowdown.
Hostelworld Group (LSE: HSW) is a youth-focused travel company based in Ireland with a tiny £168.7m market cap. Up by only 2.2%, growth this year has been slow. Yet brokers suddenly decided it was the stock of the week.
I’m on a mission to find out why.
A small player with a far-reaching impact
Although small in size by stock market standards, Hostelworld is wildly popular among the travelling youth of today. It’s one of the largest hostel booking apps in the world, with 16,500 listings in 180 countries globally.
Earlier this week, I noticed three major brokers had put in ‘buy’ ratings on the stock. These were Deutsche Bank on 12 October and Shore…
