Mortgage Advice Bureau (LON:MAB1) Sets New 1-Year Low – Here’s What Happened

Mortgage Advice Bureau (Holdings) plc (LON:MAB1) shares reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 495 and last traded at GBX 511, with a volume of 520847 shares changing hands. The stock had previously closed at GBX 504.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,150 price objective on shares of Mortgage Advice Bureau in a report on Wednesday, May 20th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Mortgage Advice Bureau has a consensus rating of “Buy” and an average price target of GBX 1,150.

Mortgage Advice Bureau Stock Up 1.4%

The business has a 50-day moving average price of GBX 543.24 and a two-hundred day moving average price of GBX 630.50. The company has a quick ratio of 2.21, a current ratio of 0.71 and a debt-to-equity ratio of 24.62. The firm has a market cap of £294.04 million, a PE ratio of 19.81, a price-to-earnings-growth ratio of 0.81 and a beta of 1.04.

Mortgage Advice Bureau (LON:MAB1) last posted its quarterly earnings data on Tuesday, March 17th. The company reported GBX 44.50 earnings per share for the quarter. Mortgage Advice Bureau had a return on equity of 20.53% and a net margin of 4.75%. On average, equities research analysts expect that Mortgage Advice Bureau will post 44.7385003 EPS for the current year.

Insider Buying and Selling at Mortgage Advice Bureau

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach bought 355 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were purchased at an average price of GBX 539 per share, with a total value of £1,913.45. Insiders acquired a total of 1,073 shares of company stock worth $585,515 over the last 90 days. 24.30% of the stock is currently owned by corporate insiders.

About Mortgage Advice Bureau

MAB is a leading UK property finance platform that connects customers, advisers, lenders, and insurers throughout the homeownership journey. Through its scalable, technology-driven intermediary model, MAB delivers personalised mortgage and protection advice via its proprietary platform, supported by deep customer insight and a data-rich, digitally enabled framework.

Through its partner firms, known as Appointed Representatives (ARs), MAB has over 2,100 advisers providing expert advice across mortgages, specialist lending, protection and general insurance products.