Mortgage Advice Bureau’s (MAB1) Buy Rating Reaffirmed at Berenberg Bank

Mortgage Advice Bureau (LON:MAB1)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a research note issued to investors on Tuesday,Digital Look reports. They presently have a GBX 1,150 price target on the stock. Berenberg Bank’s price target indicates a potential upside of 120.73% from the company’s current price.

Mortgage Advice Bureau Stock Up 0.2%

Shares of MAB1 stock traded up GBX 1 on Tuesday, hitting GBX 521. 131,020 shares of the stock were exchanged, compared to its average volume of 450,930. The company has a current ratio of 0.71, a quick ratio of 2.21 and a debt-to-equity ratio of 24.62. The firm has a market capitalization of £299.80 million, a P/E ratio of 20.19, a price-to-earnings-growth ratio of 0.81 and a beta of 1.03. The business has a 50-day moving average of GBX 538.93 and a 200 day moving average of GBX 613.03. Mortgage Advice Bureau has a fifty-two week low of GBX 495 and a fifty-two week high of GBX 924.

Insider Buying and Selling

In other news, insider Nathan James McLean Imlach purchased 355 shares of Mortgage Advice Bureau stock in a transaction on Friday, May 29th. The stock was purchased at an average price of GBX 539 per share, with a total value of £1,913.45. In the last quarter, insiders purchased 1,073 shares of company stock valued at $585,515. Insiders own 24.52% of the company’s stock.

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.