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

Mortgage Advice Bureau (LON:MAB1)‘s stock had its “buy” rating reiterated by equities researchers at Berenberg Bank in a report issued on Thursday,Digital Look reports. They presently have a GBX 1,150 price target on the stock. Berenberg Bank’s price objective suggests a potential upside of 115.36% from the company’s current price.

Mortgage Advice Bureau Price Performance

MAB1 stock opened at GBX 534 on Thursday. The business has a 50 day simple moving average of GBX 531.67 and a 200-day simple moving average of GBX 591. Mortgage Advice Bureau has a twelve month low of GBX 495 and a twelve month high of GBX 854. 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 company has a market capitalization of £307.66 million, a P/E ratio of 20.70, a PEG ratio of 0.81 and a beta of 1.04.

Insider Buying and Selling

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach acquired 369 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average cost of GBX 520 per share, with a total value of £1,918.80. Insiders acquired 1,090 shares of company stock worth $574,643 in the last quarter. 24.52% of the stock is currently owned by 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.