Mortgage Advice Bureau (LON:MAB1) Given “Buy” Rating at Berenberg Bank

Mortgage Advice Bureau (LON:MAB1)‘s stock had its “buy” rating reissued by Berenberg Bank in a research note issued on Tuesday, September 22nd, Digital Look reports. They presently have a GBX 975 target price on the stock. Berenberg Bank’s target price indicates a potential upside of 170.08% from the company’s current price.

Mortgage Advice Bureau Price Performance

Mortgage Advice Bureau stock traded down GBX 1.50 during trading hours on Tuesday, hitting GBX 361. 1,782,475 shares of the company traded hands, compared to its average volume of 432,976. Mortgage Advice Bureau has a 1-year low of GBX 342.50 and a 1-year high of GBX 818. The firm has a market cap of £207.99 million, a P/E ratio of 13.99, a P/E/G ratio of 0.81 and a beta of 1.03. The firm’s 50-day simple moving average is GBX 477.82 and its two-hundred day simple moving average is GBX 518.16. 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 (LON:MAB1) last issued its quarterly earnings results 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, analysts forecast that Mortgage Advice Bureau will post 44.7385003 earnings per share for the current fiscal year.

Insider Buying and Selling at Mortgage Advice Bureau

In other news, insider Nathan James McLean Imlach bought 366 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was acquired at an average price of GBX 523 per share, with a total value of £1,914.18. 24.49% of the stock is currently owned by company insiders.

Mortgage Advice Bureau Company Profile

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.