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

Mortgage Advice Bureau (Holdings) plc (LON:MAB1)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 488 and last traded at GBX 488, with a volume of 277597 shares changing hands. The stock had previously closed at GBX 503.

Analysts Set New Price Targets

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

Mortgage Advice Bureau Trading Up 0.4%

The company has a quick ratio of 2.21, a current ratio of 0.71 and a debt-to-equity ratio of 24.62. The business’s fifty day moving average is GBX 524.57 and its 200-day moving average is GBX 547.81. The stock has a market capitalization of £288.07 million, a PE ratio of 19.38, a P/E/G ratio of 0.81 and a beta of 1.03.

Insider Buying and Selling at Mortgage Advice Bureau

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