Mortgage Advice Bureau (LON:MAB1) Reaches New 12-Month Low – What’s Next?

Mortgage Advice Bureau (Holdings) plc (LON:MAB1) shares hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 484 and last traded at GBX 490.50, with a volume of 464697 shares. The stock had previously closed at GBX 499.50.

Wall Street Analysts Forecast Growth

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

Mortgage Advice Bureau Price Performance

The firm has a market capitalization of £282.60 million, a PE ratio of 19.01, a PEG ratio of 0.81 and a beta of 1.03. The stock has a 50-day moving average price of GBX 523.95 and a 200 day moving average price of GBX 545.08. The company has a quick ratio of 2.21, a current ratio of 0.71 and a debt-to-equity ratio of 24.62.

Insider Transactions at Mortgage Advice Bureau

In related news, insider Nathan James McLean Imlach purchased 366 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average price of GBX 523 per share, with a total value of £1,914.18. Over the last 90 days, insiders have acquired 763 shares of company stock valued at $398,138. 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.