Insider Buying: Mortgage Advice Bureau (LON:MAB1) Insider Buys 263 Shares of Stock

Key Points

• Nathan James McLean Imlach, an insider at Mortgage Advice Bureau, purchased 263 shares at an average price of GBX 710, totaling £1,867.30, following two earlier acquisitions in August and July.
• Mortgage Advice Bureau's stock is currently trading at GBX 718, with a market capitalization of £419.76 million and analysts projecting an EPS of approximately 44.74 for the current fiscal year.
• Berenberg Bank has reiterated a "buy" rating for Mortgage Advice Bureau, setting a price target of GBX 1,150, reflecting positive sentiment in the market.

Mortgage Advice Bureau (Holdings) plc (LON:MAB1 - Get Free Report) insider Nathan James McLean Imlach acquired 263 shares of the stock in a transaction dated Tuesday, September 30th. The stock was acquired at an average cost of GBX 710 per share, with a total value of £1,867.30.

Nathan James McLean Imlach also recently made the following trade(s):

• On Friday, August 29th, Nathan James McLean Imlach acquired 246 shares of Mortgage Advice Bureau stock. The stock was acquired at an average cost of GBX 755 per share, with a total value of £1,857.30.
• On Thursday, July 31st, Nathan James McLean Imlach acquired 228 shares of Mortgage Advice Bureau stock. The stock was acquired at an average cost of GBX 817 per share, with a total value of £1,862.76.

Mortgage Advice Bureau Price Performance

Shares of LON MAB1 traded up GBX 10 during midday trading on Tuesday, hitting GBX 718. The company's stock had a trading volume of 68,652 shares, compared to its average volume of 135,464. Mortgage Advice Bureau has a 1 year low of GBX 550 and a 1 year high of GBX 924. The business's fifty day simple moving average is GBX 749.73 and its two-hundred day simple moving average is GBX 787.99. The firm has a market capitalization of £419.76 million, a price-to-earnings ratio of 2,620.44, a price-to-earnings-growth ratio of 0.81 and a beta of 1.14.

Mortgage Advice Bureau (LON:MAB1 - Get Free Report) last issued its quarterly earnings results on Tuesday, September 23rd. The company reported GBX 11.80 earnings per share (EPS) for the quarter. Mortgage Advice Bureau had a net margin of 4.41% and a return on equity of 15.33%. Analysts anticipate that Mortgage Advice Bureau will post 44.7385003 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 1,150 price target on shares of Mortgage Advice Bureau in a research note on Tuesday, September 23rd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of GBX 1,150.

About Mortgage Advice Bureau

MAB is one of the UK's leading consumer intermediary brands and specialist networks for mortgage advisers. Through its partner firms known as Appointed Representatives (ARs), MAB has approximately 2,000 advisers providing expert advice to customers on a range of mortgage, specialist lending, protection, and general insurance products.

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