Mortgage Advice Bureau’s (MAB1) “Buy” Rating Reaffirmed at Berenberg Bank

Mortgage Advice Bureau (LON:MAB1)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a research report issued on Tuesday, Digital Look reports. They presently have a GBX 975 price target on the stock. Berenberg Bank’s price target would indicate a potential upside of 168.97% from the company’s previous close.

Mortgage Advice Bureau Price Performance

LON MAB1 traded up GBX 17.50 during trading on Tuesday, reaching GBX 362.50. 2,073,633 shares of the company traded hands, compared to its average volume of 425,760. Mortgage Advice Bureau has a 1-year low of GBX 342.50 and a 1-year high of GBX 818. The company has a market cap of £208.85 million, a price-to-earnings ratio of 14.05, a P/E/G ratio of 0.81 and a beta of 1.03. The stock’s 50 day moving average price is GBX 477.82 and its two-hundred day moving average price is GBX 518.16. The company has a debt-to-equity ratio of 43.59, a quick ratio of 2.21 and a current ratio of 0.60.

Mortgage Advice Bureau (LON:MAB1) last issued its earnings results on Wednesday, September 23rd. The company reported GBX 6.30 earnings per share (EPS) for the quarter. Mortgage Advice Bureau had a return on equity of 16.94% and a net margin of 3.59%. As a group, analysts anticipate that Mortgage Advice Bureau will post 44.7385003 EPS for the current year.

Insider Activity

In other news, insider Nathan James McLean Imlach bought 369 shares of Mortgage Advice Bureau stock in a transaction dated Tuesday, June 30th. The shares were bought at an average price of GBX 520 per share, for a total transaction of £1,918.80. Insiders acquired 763 shares of company stock worth $398,138 over the last three months. 24.49% of the stock is currently owned by company insiders.

Mortgage Advice Bureau Company Profile

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.