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

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

Wall Street Analyst Weigh In

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

Mortgage Advice Bureau Price Performance

The company has a market capitalization of £281.16 million, a price-to-earnings ratio of 18.91, a PEG ratio of 0.81 and a beta of 1.03. The company’s 50 day simple moving average is GBX 525.94 and its 200-day simple moving average is GBX 550.85. The company has a current ratio of 0.71, a quick ratio of 2.21 and a debt-to-equity ratio of 24.62.

Insiders Place Their Bets

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 bought at an average cost of GBX 520 per share, for a total transaction of £1,918.80. In the last three months, insiders acquired 763 shares of company stock valued at $398,138. 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.