Mortgage Advice Bureau (LON:MAB1) Reaches New 1-Year Low – Here’s Why

Mortgage Advice Bureau (Holdings) plc (LON:MAB1)’s share price reached a new 52-week low during trading on Friday. The stock traded as low as GBX 345 and last traded at GBX 345, with a volume of 525943 shares changing hands. The stock had previously closed at GBX 362.50.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 975 price target on shares of Mortgage Advice Bureau in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 975.

Mortgage Advice Bureau Stock Down 4.8%

The company has a market cap of £198.77 million, a P/E ratio of 13.37, a price-to-earnings-growth ratio of 0.81 and a beta of 1.03. The company has a 50 day moving average of GBX 485.43 and a 200-day moving average of GBX 521.38. The company has a debt-to-equity ratio of 43.59, a current ratio of 0.60 and a quick ratio of 2.21.

Mortgage Advice Bureau (LON:MAB1) last announced its earnings results on Wednesday, September 23rd. The company reported GBX 6.30 earnings per share (EPS) for the quarter. Mortgage Advice Bureau had a net margin of 3.59% and a return on equity of 16.94%. On average, equities analysts predict that Mortgage Advice Bureau will post 44.7385003 earnings per share for the current year.

Insider Buying and Selling

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