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

Mortgage Advice Bureau (Holdings) plc (LON:MAB1) hit a new 52-week low on Wednesday. The company traded as low as GBX 326 and last traded at GBX 327, with a volume of 380087 shares changing hands. The stock had previously closed at GBX 338.50.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued 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 data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 975.

Mortgage Advice Bureau Price Performance

The stock has a market cap of £188.40 million, a PE ratio of 12.67, a PEG ratio of 0.81 and a beta of 1.03. The business’s 50-day simple moving average is GBX 455.36 and its 200-day simple moving average is GBX 509.01. The company has a quick ratio of 2.21, a current ratio of 0.60 and a debt-to-equity ratio of 43.59.

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

Insiders Place Their Bets

In related news, insider Nathan James McLean Imlach acquired 366 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was purchased at an average cost of GBX 523 per share, with a total value of £1,914.18. Company insiders own 24.49% of the company’s stock.

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.