Mortgage Advice Bureau (MAB1) Given Buy Rating at Shore Capital

Shore Capital restated their buy rating on shares of Mortgage Advice Bureau (LON:MAB1) in a report released on Tuesday morning, ThisIsMoney.Co.Uk reports.

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

LON MAB1 opened at GBX 597 ($7.80) on Tuesday. The company has a market cap of $305.10 million and a PE ratio of 23.60. Mortgage Advice Bureau has a 1-year low of GBX 470 ($6.14) and a 1-year high of GBX 740 ($9.67).

The business also recently declared a dividend, which was paid on Friday, May 24th. Stockholders of record on Thursday, April 25th were paid a dividend of GBX 12.70 ($0.17) per share. This is a boost 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 0.91%.

In related news, insider Nathan James McLean Imlach purchased 261 shares of the firm’s stock in a transaction dated Thursday, February 28th. The shares were acquired at an average cost of GBX 580 ($7.58) per share, with a total value of £1,513.80 ($1,978.05). Also, insider Lucy Tilley purchased 50 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were bought at an average cost of GBX 596 ($7.79) per share, for a total transaction of £298 ($389.39). Insiders have bought 877 shares of company stock worth $513,725 over the last three months.

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.

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