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

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

Wall Street Analyst Weigh In

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 research analyst has rated the stock with a Buy rating, According to MarketBeat, Mortgage Advice Bureau has a consensus rating of “Buy” and a consensus target price of GBX 1,150.

Mortgage Advice Bureau Price Performance

The company has a debt-to-equity ratio of 24.62, a quick ratio of 2.21 and a current ratio of 0.71. The stock’s 50 day simple moving average is GBX 543.24 and its two-hundred day simple moving average is GBX 630.50. The firm has a market capitalization 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 results on Tuesday, March 17th. The company reported GBX 44.50 EPS for the quarter. Mortgage Advice Bureau had a return on equity of 20.53% and a net margin of 4.75%. On average, sell-side analysts forecast that Mortgage Advice Bureau will post 44.7385003 EPS for the current year.

Insider Buying and Selling

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach acquired 366 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were purchased at an average cost of GBX 523 per share, for a total transaction of £1,914.18. Insiders purchased 1,073 shares of company stock valued at $585,515 in the last 90 days. Corporate insiders own 24.30% of the company’s stock.

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.