Mortgage Advice Bureau (LON:MAB1) Hits New 1-Year Low – What’s Next?

Shares of Mortgage Advice Bureau (Holdings) plc (LON:MAB1) reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 362 and last traded at GBX 365, with a volume of 703602 shares trading hands. The stock had previously closed at GBX 380.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank decreased their price target on shares of Mortgage Advice Bureau from GBX 1,150 to GBX 975 and set a “buy” rating on the stock in a research report on Wednesday, September 9th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Mortgage Advice Bureau has a consensus rating of “Buy” and a consensus price target of GBX 975.

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 company has a market cap of £207.61 million, a price-to-earnings ratio of 13.97, a P/E/G ratio of 0.81 and a beta of 1.03. The company’s 50 day moving average price is GBX 508.25 and its 200 day moving average price is GBX 533.40.

Insider Buying and Selling

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach purchased 366 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was purchased at an average cost of GBX 523 per share, with a total value of £1,914.18. In the last 90 days, insiders purchased 763 shares of company stock worth $398,138. 24.49% of the stock is owned by corporate insiders.

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.