Mortgage Advice Bureau (LON:MAB1) Hits New 52-Week Low – Should You Sell?

Mortgage Advice Bureau (Holdings) plc (LON:MAB1Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 484 and last traded at GBX 490.50, with a volume of 464697 shares trading hands. The stock had previously closed at GBX 499.50.

Analysts Set New Price Targets

Separately, Berenberg Bank cut their price objective on shares of Mortgage Advice Bureau from GBX 1,150 to GBX 975 and set a “buy” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 975.

Check Out Our Latest Analysis on Mortgage Advice Bureau

Mortgage Advice Bureau Stock Down 1.3%

The firm’s 50 day simple moving average is GBX 520.98 and its 200-day simple moving average is GBX 541.72. The company has a market cap of £222.97 million, a price-to-earnings ratio of 15.00, a P/E/G ratio of 0.81 and a beta of 1.03. The company has a debt-to-equity ratio of 24.62, a current ratio of 0.71 and a quick ratio of 2.21.

Insider Transactions at Mortgage Advice Bureau

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach acquired 369 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were bought at an average cost of GBX 520 per share, for a total transaction of £1,918.80. Over the last quarter, insiders have acquired 763 shares of company stock worth $398,138. Company insiders own 24.49% of the company’s stock.

Mortgage Advice Bureau Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Mortgage Advice Bureau Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mortgage Advice Bureau and related companies with MarketBeat.com's FREE daily email newsletter.