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

Shares of Mortgage Advice Bureau (Holdings) plc (LON:MAB1) reached a new 52-week low on Tuesday . The company traded as low as GBX 536 and last traded at GBX 586, with a volume of 1389614 shares. The stock had previously closed at GBX 542.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued 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 investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 1,150.

Mortgage Advice Bureau Stock Up 8.1%

The company has a current ratio of 0.74, a quick ratio of 2.21 and a debt-to-equity ratio of 9.51. The firm’s 50 day moving average price is GBX 679.60 and its two-hundred day moving average price is GBX 686.24. The company has a market capitalization of £340.01 million, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 0.81 and a beta of 1.09.

Mortgage Advice Bureau (LON:MAB1) last issued its earnings results on Tuesday, March 17th. The company reported GBX 44.50 EPS for the quarter. Mortgage Advice Bureau had a return on equity of 25.99% and a net margin of 6.55%. Sell-side analysts anticipate that Mortgage Advice Bureau will post 44.7385003 earnings per share for the current fiscal year.

Insider Transactions at Mortgage Advice Bureau

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach purchased 231 shares of the company’s stock in a transaction dated Friday, January 30th. The stock was bought at an average cost of GBX 805 per share, for a total transaction of £1,859.55. 24.30% of the stock is owned by corporate insiders.

Mortgage Advice Bureau Company Profile

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.