Berenberg Bank Lowers Mortgage Advice Bureau (LON:MAB1) Price Target to GBX 975

Mortgage Advice Bureau (LON:MAB1) had its target price decreased by stock analysts at Berenberg Bank from GBX 1,150 to GBX 975 in a research report issued to clients and investors on Wednesday, Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 141.63% from the stock’s current price.

Mortgage Advice Bureau Stock Performance

Mortgage Advice Bureau stock opened at GBX 403.50 on Wednesday. The company has a debt-to-equity ratio of 24.62, a current ratio of 0.71 and a quick ratio of 2.21. The stock has a fifty day moving average price of GBX 523.46 and a two-hundred day moving average price of GBX 543.66. Mortgage Advice Bureau has a 52-week low of GBX 381.05 and a 52-week high of GBX 818. The firm has a market capitalization of £232.47 million, a P/E ratio of 15.64, a P/E/G ratio of 0.81 and a beta of 1.03.

Insider Activity

In other news, insider Nathan James McLean Imlach bought 366 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was acquired at an average price of GBX 523 per share, for a total transaction of £1,914.18. In the last ninety days, insiders have bought 763 shares of company stock worth $398,138. Company insiders own 24.49% 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.