Berenberg Bank Reaffirms Buy Rating for Mortgage Advice Bureau (LON:MAB1)

Mortgage Advice Bureau (LON:MAB1)‘s stock had its “buy” rating reiterated by equities researchers at Berenberg Bank in a research report issued on Wednesday,Digital Look reports. They currently have a GBX 1,150 price objective on the stock. Berenberg Bank’s target price would suggest a potential upside of 121.41% from the company’s current price.

Mortgage Advice Bureau Trading Down 3.6%

Shares of MAB1 opened at GBX 519.40 on Wednesday. Mortgage Advice Bureau has a 12-month low of GBX 496.50 and a 12-month high of GBX 924. The stock’s fifty day simple moving average is GBX 549.52 and its 200-day simple moving average is GBX 641.82. 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 firm has a market capitalization 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 (LON:MAB1) last issued its quarterly earnings results on Tuesday, March 17th. The company reported GBX 44.50 EPS for the quarter. Mortgage Advice Bureau had a net margin of 4.75% and a return on equity of 20.53%. As a group, research analysts predict that Mortgage Advice Bureau will post 44.7385003 earnings per share for the current year.

Insider Buying and Selling at Mortgage Advice Bureau

In related news, insider Nathan James McLean Imlach purchased 366 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were bought at an average price of GBX 523 per share, with a total value of £1,914.18. 24.30% of the stock is currently owned by company insiders.

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.