Berenberg Bank Reiterates “Buy” Rating for Mortgage Advice Bureau (LON:MAB1)

Mortgage Advice Bureau (LON:MAB1)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a research note issued to investors on Thursday,Digital Look reports. They presently have a GBX 1,150 target price on the stock. Berenberg Bank’s price objective would suggest a potential upside of 121.15% from the stock’s previous close.

Mortgage Advice Bureau Trading Down 1.0%

Shares of LON MAB1 opened at GBX 520 on Thursday. 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 market capitalization of £299.59 million, a P/E ratio of 20.16, a price-to-earnings-growth ratio of 0.81 and a beta of 1.04. Mortgage Advice Bureau has a 1-year low of GBX 495 and a 1-year high of GBX 854. The business has a fifty day moving average price of GBX 531.85 and a 200 day moving average price of GBX 589.45.

Insider Buying and Selling

In other news, insider Nathan James McLean Imlach purchased 369 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was acquired at an average cost of GBX 520 per share, with a total value of £1,918.80. Insiders have bought 1,090 shares of company stock valued at $574,643 in the last ninety days. 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.