Key Points
- Insider purchase: Mortgage Advice Bureau director Mike Jones bought 5,833 shares at GBX 343 each, investing approximately £20,007.
- Stock performance: Shares opened at GBX 355 and were down 0.7%; the stock remains well below its 52-week high of GBX 818 and has a market capitalization of about £204.5 million.
- Analyst outlook: Berenberg reaffirmed a “Buy” rating with a GBX 975 price target, while the company reported quarterly EPS of GBX 6.30 and analysts expect full-year EPS of GBX 44.74.
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Mortgage Advice Bureau (Holdings) plc (LON:MAB1 - Get Free Report) insider Mike Jones purchased 5,833 shares of the stock in a transaction dated Friday, October 9th. The shares were purchased at an average price of GBX 343 per share, with a total value of £20,007.19.
Mortgage Advice Bureau Stock Down 0.7%
MAB1 stock opened at GBX 355 on Wednesday. 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 has a fifty-two week low of GBX 322 and a fifty-two week high of GBX 818. The firm's 50-day simple moving average is GBX 436.98 and its 200 day simple moving average is GBX 502.06. The stock has a market cap of £204.53 million, a PE ratio of 13.76, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06.
Mortgage Advice Bureau (LON:MAB1 - Get Free Report) last issued its quarterly earnings data 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%. As a group, sell-side analysts predict that Mortgage Advice Bureau will post 44.74 EPS for the current year.
Analysts Set New Price Targets
Separately, Berenberg Bank restated a "buy" rating and issued a GBX 975 price target on shares of Mortgage Advice Bureau in a research note on Tuesday, September 22nd. One research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of GBX 975.
Read Our Latest Analysis on Mortgage Advice Bureau
About Mortgage Advice Bureau
(
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.
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