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

Key Points

• Berenberg Bank has reaffirmed its "buy" rating for Mortgage Advice Bureau (LON:MAB1) with a price target of GBX 1,150, indicating a potential upside of 66.67%.
• The stock traded at GBX 690 during midday trading, demonstrating a market capitalization of £403.39 million.
• Insider Nathan James McLean Imlach purchased 246 shares at GBX 755, part of a trend where insiders have acquired a total of 740 shares valued at approximately $604,574 in the past ninety days.

Mortgage Advice Bureau (LON:MAB1 - Get Free Report)'s stock had its "buy" rating restated by stock analysts at Berenberg Bank in a research note issued on Monday, Marketbeat.com reports. They currently have a GBX 1,150 price objective on the stock. Berenberg Bank's price objective would indicate a potential upside of 69.12% from the company's current price.

Mortgage Advice Bureau Stock Performance

Shares of LON:MAB1 remained flat at GBX 680 during midday trading on Monday. 48,721 shares of the company traded hands, compared to its average volume of 135,065. The firm has a market capitalization of £397.54 million, a P/E ratio of 2,481.75, a PEG ratio of 0.81 and a beta of 1.14. The firm has a fifty day moving average price of GBX 777.65 and a two-hundred day moving average price of GBX 792.54. Mortgage Advice Bureau has a 1-year low of GBX 528 and a 1-year high of GBX 924.

Insider Transactions at Mortgage Advice Bureau

In other news, insider Nathan James McLean Imlach purchased 246 shares of the company's stock in a transaction that occurred on Friday, August 29th. The shares were purchased at an average price of GBX 755 per share, with a total value of £1,857.30. Over the last quarter, insiders have acquired 740 shares of company stock worth $604,574. Insiders own 24.12% of the company's stock.

Mortgage Advice Bureau Company Profile

MAB is one of the UK's leading consumer intermediary brands and specialist networks for mortgage advisers. Through its partner firms known as Appointed Representatives (ARs), MAB has approximately 2,000 advisers providing expert advice to customers on a range of mortgage, specialist lending, protection, and general insurance products.