Mortgage Advice Bureau (LON:MAB1) Reaches New 12-Month Low – What’s Next?

Mortgage Advice Bureau (Holdings) plc (LON:MAB1) reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 488 and last traded at GBX 488, with a volume of 277597 shares trading hands. The stock had previously closed at GBX 503.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 1,150 target price on shares of Mortgage Advice Bureau in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 1,150.

Mortgage Advice Bureau Stock Performance

The stock has a 50-day simple moving average of GBX 525.94 and a 200-day simple moving average of GBX 550.85. The company has a debt-to-equity ratio of 24.62, a current ratio of 0.71 and a quick ratio of 2.21. The stock has a market cap of £281.16 million, a PE ratio of 18.91, a P/E/G ratio of 0.81 and a beta of 1.03.

Insider Buying and Selling

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach purchased 369 shares of Mortgage Advice Bureau stock in a transaction on Tuesday, June 30th. The shares were purchased at an average cost of GBX 520 per share, with a total value of £1,918.80. Insiders have purchased a total of 763 shares of company stock valued at $398,138 in the last 90 days. Company insiders own 24.49% of the company’s stock.

Mortgage Advice Bureau Company Profile

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.