Advice

Mortgage Advice Bureau (LON:MAB1) Earns Buy Rating from Shore Capital – Rockland Register



Shore Capital reiterated their buy rating on shares of Mortgage Advice Bureau (LON:MAB1) in a research report report published on Tuesday, May 21st, ThisIsMoney.Co.Uk reports.

Separately, Numis Securities reissued an add rating and issued a GBX 665 ($8.69) target price on shares of Mortgage Advice Bureau in a report on Wednesday, March 13th.

MAB1 stock traded down GBX 20 ($0.26) during midday trading on Tuesday, hitting GBX 580 ($7.58). The stock had a trading volume of 5,224 shares, compared to its average volume of 34,178. The stock has a market cap of $292.33 million and a price-to-earnings ratio of 22.92. Mortgage Advice Bureau has a 52-week low of GBX 470 ($6.14) and a 52-week high of GBX 740 ($9.67).

The firm also recently declared a dividend, which was paid on Friday, May 24th. Stockholders of record on Thursday, April 25th were issued a dividend of GBX 12.70 ($0.17) per share. This is an increase from Mortgage Advice Bureau’s previous dividend of $10.60. This represents a dividend yield of 2.3%. The ex-dividend date was Thursday, April 25th. Mortgage Advice Bureau’s dividend payout ratio is presently 0.91%.

In other news, insider Nathan James McLean Imlach bought 257 shares of the stock in a transaction on Friday, March 29th. The shares were bought at an average price of GBX 590 ($7.71) per share, with a total value of £1,516.30 ($1,981.31). Also, insider Lucy Tilley purchased 71 shares of Mortgage Advice Bureau stock in a transaction on Friday, May 31st. The stock was bought at an average price of GBX 605 ($7.91) per share, with a total value of £429.55 ($561.28). Over the last ninety days, insiders have bought 637 shares of company stock worth $375,500.

About Mortgage Advice Bureau

Mortgage Advice Bureau (Holdings) plc, through its subsidiaries, provides mortgage advice in the United Kingdom. It provides advice on approximately 12,000 residential and buy-to-let mortgage products through mortgage intermediaries. The company offers its services over the phone and face to face for customers.

Further Reading: What are trading strategies for the 52-week high/low?

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