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

Mortgage Advice Bureau (LON:MAB1)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a note issued to investors on Wednesday,Digital Look reports. They currently have a GBX 1,150 price objective on the stock. Berenberg Bank’s price objective points to a potential upside of 121.41% from the company’s previous close.

Mortgage Advice Bureau Price Performance

LON:MAB1 opened at GBX 519.40 on Wednesday. The firm has a market cap of £298.88 million, a PE ratio of 20.13, a price-to-earnings-growth ratio of 0.81 and a beta of 1.04. Mortgage Advice Bureau has a 12 month low of GBX 496.50 and a 12 month high of GBX 924. The company has a quick ratio of 2.21, a current ratio of 0.71 and a debt-to-equity ratio of 24.62. The company’s 50-day moving average price is GBX 549.52 and its two-hundred day moving average price is GBX 641.82.

Mortgage Advice Bureau (LON:MAB1) last released its quarterly earnings results on Tuesday, March 17th. The company reported GBX 44.50 earnings per share for the quarter. Mortgage Advice Bureau had a return on equity of 20.53% and a net margin of 4.75%. On average, equities analysts anticipate that Mortgage Advice Bureau will post 44.7385003 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Nathan James McLean Imlach purchased 366 shares of Mortgage Advice Bureau stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average price of GBX 523 per share, for a total transaction of £1,914.18. 24.30% of the stock is owned by corporate 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.