Mortgage Advice Bureau (LON:MAB1) Insider Acquires 5,452 Shares of Stock

Mortgage Advice Bureau (Holdings) plc (LON:MAB1) insider Rachel Haworth purchased 5,452 shares of the company’s stock in a transaction on Monday, October 19th. The stock was acquired at an average cost of GBX 366 per share, for a total transaction of £19,954.32.

Mortgage Advice Bureau Stock Performance

Shares of MAB1 stock traded up GBX 4 during trading hours on Tuesday, reaching GBX 373.50. 352,469 shares of the company’s stock were exchanged, compared to its average volume of 435,172. Mortgage Advice Bureau has a fifty-two week low of GBX 322 and a fifty-two week high of GBX 818. The company has a quick ratio of 2.21, a current ratio of 0.60 and a debt-to-equity ratio of 43.59. The stock has a market capitalization of £215.19 million, a P/E ratio of 14.48, a P/E/G ratio of 0.81 and a beta of 1.06. The business has a fifty day moving average price of GBX 422.97 and a 200-day moving average price of GBX 497.35.

Mortgage Advice Bureau (LON:MAB1) last announced its quarterly earnings data on Wednesday, September 23rd. The company reported GBX 6.30 earnings per share (EPS) for the quarter. Mortgage Advice Bureau had a net margin of 3.59% and a return on equity of 16.94%. Analysts predict that Mortgage Advice Bureau will post 44.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and set a GBX 975 price objective on shares of Mortgage Advice Bureau in a report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 975.

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.