Mortgage Advice Bureau (LON:MAB1) Reaches New 52-Week Low – Here’s What Happened

Shares of Mortgage Advice Bureau (Holdings) plc (LON:MAB1) reached a new 52-week low during trading on Thursday. The company traded as low as GBX 334.50 and last traded at GBX 336.50, with a volume of 6743030 shares trading hands. The stock had previously closed at GBX 356.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 975 price objective on shares of Mortgage Advice Bureau in a research note on Tuesday, September 22nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Mortgage Advice Bureau currently has an average rating of “Buy” and a consensus target price of GBX 975.

Mortgage Advice Bureau Trading Down 5.5%

The firm’s 50-day simple moving average is GBX 470.20 and its 200 day simple moving average is GBX 515.26. The company has a debt-to-equity ratio of 43.59, a current ratio of 0.60 and a quick ratio of 2.21. The firm has a market capitalization of £193.87 million, a price-to-earnings ratio of 13.04, a P/E/G ratio of 0.81 and a beta of 1.03.

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

Insiders Place Their Bets

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach bought 366 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were purchased at an average price of GBX 523 per share, for a total transaction of £1,914.18. 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.