Mortgage Advice Bureau (LON:MAB1) Now Covered by Berenberg Bank

Equities researchers at Berenberg Bank assumed coverage on shares of Mortgage Advice Bureau (LON:MAB1) in a research note issued to investors on Monday,London Stock Exchange reports. The brokerage set a “buy” rating and a GBX 1,150 ($14.51) price target on the stock. Berenberg Bank’s target price indicates a potential upside of 48.96% from the stock’s current price.

Mortgage Advice Bureau Price Performance

Mortgage Advice Bureau stock remained flat at GBX 772 ($9.74) during trading on Monday. The company had a trading volume of 41,211 shares, compared to its average volume of 115,080. The company has a market capitalization of £447.43 million, a P/E ratio of 41.16, a P/E/G ratio of 0.81 and a beta of 1.14. The firm has a 50 day simple moving average of GBX 709.39 and a 200 day simple moving average of GBX 703.90. Mortgage Advice Bureau has a 1-year low of GBX 528 ($6.66) and a 1-year high of GBX 984 ($12.42).

Insider Activity at Mortgage Advice Bureau

In other news, insider Nathan James McLean Imlach bought 331 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was bought at an average cost of GBX 642 ($8.10) per share, for a total transaction of £2,125.02 ($2,681.75). Over the last 90 days, insiders bought 1,022 shares of company stock valued at $674,090. Corporate insiders own 20.02% of the company’s stock.

Mortgage Advice Bureau Company Profile

Mortgage Advice Bureau (Holdings) plc, together with its subsidiaries, provides mortgage advice services in the United Kingdom. The company offers proprietary technology and services, which includes adviser recruitment and lead generation, learning and development, compliance auditing and supervision, and digital marketing and website solutions.