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

Mortgage Advice Bureau (Holdings) plc (LON:MAB1) shares hit a new 52-week low during trading on Friday. The company 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.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 975 price target on shares of Mortgage Advice Bureau in a research note on Tuesday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 975.

Mortgage Advice Bureau Price Performance

The business’s 50 day moving average is GBX 485.43 and its two-hundred day moving average is GBX 521.38. The firm has a market cap of £198.77 million, a P/E ratio of 13.37, a P/E/G ratio of 0.81 and a beta of 1.03. The company has a quick ratio of 2.21, a current ratio of 0.60 and a debt-to-equity ratio of 43.59.

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

Insider Buying and Selling at Mortgage Advice Bureau

In related news, insider Nathan James McLean Imlach bought 369 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were bought at an average price of GBX 520 per share, for a total transaction of £1,918.80. Insiders have acquired 763 shares of company stock valued at $398,138 over the last 90 days. 24.49% of the stock is currently 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.