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

Shares of Mortgage Advice Bureau (Holdings) plc (LON:MAB1) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 496.50 and last traded at GBX 511, with a volume of 303732 shares. The stock had previously closed at GBX 528.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 1,150 price target on shares of Mortgage Advice Bureau in a report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Mortgage Advice Bureau has an average rating of “Buy” and a consensus price target of GBX 1,150.

Mortgage Advice Bureau Stock Down 3.2%

The firm’s 50-day simple moving average is GBX 574.70 and its 200 day simple moving average is GBX 653.68. 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 stock has a market capitalization of £296.49 million, a P/E ratio of 19.81, a PEG ratio of 0.81 and a beta of 1.10.

Mortgage Advice Bureau (LON:MAB1) last issued its quarterly earnings results on Tuesday, March 17th. The company reported GBX 44.50 EPS for the quarter. Mortgage Advice Bureau had a net margin of 4.75% and a return on equity of 20.53%. As a group, research analysts expect that Mortgage Advice Bureau will post 44.7385003 EPS for the current year.

Insider Buying and Selling

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach purchased 366 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were purchased at an average cost of GBX 523 per share, with a total value of £1,914.18. 24.30% of the stock is owned by company insiders.

About Mortgage Advice Bureau

MAB is one of the UK’s leading consumer intermediary brands and specialist networks for mortgage advisers.

Through its partner firms known as Appointed Representatives (ARs), MAB has approximately 2,000 advisers providing expert advice to customers on a range of mortgage, specialist lending, protection, and general insurance products. MAB supports its AR firms with proprietary technology and services, including adviser recruitment and lead generation, learning and development, compliance auditing and supervision, and digital marketing and website solutions.