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

Mortgage Advice Bureau (LON:MAB1)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a research report issued to clients and investors on Tuesday, Digital Look reports. They currently have a GBX 975 price objective on the stock. Berenberg Bank’s price objective indicates a potential upside of 154.64% from the stock’s previous close.

Mortgage Advice Bureau Price Performance

MAB1 stock opened at GBX 382.90 on Tuesday. Mortgage Advice Bureau has a 52-week low of GBX 350 and a 52-week high of GBX 818. The stock’s fifty day simple moving average is GBX 495.31 and its 200-day simple moving average is GBX 526.10. 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 stock has a market capitalization of £220.60 million, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 0.81 and a beta of 1.03.

Insiders Place Their Bets

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach purchased 369 shares of the firm’s stock in a transaction 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 bought 763 shares of company stock worth $398,138 in the last quarter. Corporate 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.