Mortgage Advice Bureau (LON:MAB1) Sets New 1-Year Low – Time to Sell?

Mortgage Advice Bureau (Holdings) plc (LON:MAB1)’s share price hit a new 52-week low during mid-day trading 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.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 975 target price 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.com, the stock has a consensus rating of “Buy” and an average target price of GBX 975.

Mortgage Advice Bureau Trading Down 3.4%

The firm’s 50 day moving average is GBX 455.36 and its 200 day moving average is GBX 509.01. The company 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 company has a debt-to-equity ratio of 43.59, a current ratio of 0.60 and a quick ratio of 2.21.

Mortgage Advice Bureau (LON:MAB1) last released its quarterly earnings results on Wednesday, September 23rd. The company reported GBX 6.30 earnings per share for the quarter. Mortgage Advice Bureau had a net margin of 3.59% and a return on equity of 16.94%. On average, equities analysts anticipate 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 purchased 366 shares of the stock in a transaction on Friday, July 31st. The shares were purchased at an average price of GBX 523 per share, with a total value of £1,914.18. 24.49% of the stock is owned by corporate 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.