Mortgage Advice Bureau (LON:MAB1) Shares Down 18.6% on Analyst Downgrade

Mortgage Advice Bureau (Holdings) plc (LON:MAB1) shares traded down 18.6% on Wednesday after Berenberg Bank lowered their price target on the stock from GBX 1,150 to GBX 975. Berenberg Bank currently has a buy rating on the stock. Mortgage Advice Bureau traded as low as GBX 381.05 and last traded at GBX 399.50. Approximately 2,994,943 shares traded hands during mid-day trading, an increase of 666% from the average daily volume of 391,143 shares. The stock had previously closed at GBX 490.50.

Insider Activity at Mortgage Advice Bureau

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach purchased 369 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average cost of GBX 520 per share, with a total value of £1,918.80. Insiders have bought 763 shares of company stock valued at $398,138 in the last 90 days. Corporate insiders own 24.49% of the company’s stock.

Mortgage Advice Bureau Stock Performance

The stock has a market cap of £230.17 million, a P/E ratio of 15.48, a price-to-earnings-growth ratio of 0.81 and a beta of 1.03. The company has a current ratio of 0.71, a quick ratio of 2.21 and a debt-to-equity ratio of 24.62. The stock has a 50 day simple moving average of GBX 523.46 and a 200 day simple moving average of GBX 543.66.

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.