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Mortgage Advice Bureau (LON:MAB1) Earns Buy Rating from Berenberg Bank

Mortgage Advice Bureau logo with Financial Services background

Mortgage Advice Bureau (LON:MAB1 - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Berenberg Bank in a research note issued on Thursday, MarketBeat Ratings reports. They presently have a GBX 1,150 ($15.63) target price on the stock. Berenberg Bank's price objective suggests a potential upside of 45.57% from the company's previous close.

Mortgage Advice Bureau Stock Performance

MAB1 traded up GBX 14 ($0.19) during trading on Thursday, hitting GBX 790 ($10.73). The stock had a trading volume of 95,785 shares, compared to its average volume of 147,415. The firm has a market capitalization of £457.86 million, a P/E ratio of 42.12, a PEG ratio of 0.81 and a beta of 1.14. The company's 50-day moving average price is GBX 838.90 and its 200 day moving average price is GBX 785.76. Mortgage Advice Bureau has a twelve month low of GBX 528 ($7.17) and a twelve month high of GBX 942.40 ($12.80).

Insiders Place Their Bets

In other news, insider Ben Thompson bought 55 shares of Mortgage Advice Bureau stock in a transaction on Tuesday, May 27th. The shares were bought at an average cost of GBX 845 ($11.48) per share, for a total transaction of £464.75 ($631.45). Also, insider Nathan James McLean Imlach bought 271 shares of Mortgage Advice Bureau stock in a transaction on Wednesday, April 30th. The stock was purchased at an average price of GBX 804 ($10.92) per share, for a total transaction of £2,178.84 ($2,960.38). Over the last ninety days, insiders have bought 874 shares of company stock worth $729,331. Corporate insiders own 20.02% of the company's stock.

Mortgage Advice Bureau Company Profile

(Get Free Report)

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.

See Also

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