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

Key Points

• Berenberg Bank has restated a "buy" rating for Mortgage Advice Bureau (MAB) with a target price of GBX 1,150, indicating a potential upside of 56.68% from the current stock price.
• The firm's stock has risen 7.9% and is currently trading around GBX 734, with a 12-month price range between GBX 546 and GBX 924.
• Insider Nathan James McLean Imlach purchased 246 shares at GBX 755 each, contributing to a total of 749 shares bought by insiders in the past ninety days.

Mortgage Advice Bureau (LON:MAB1 - Get Free Report)'s stock had its "buy" rating restated by Berenberg Bank in a report released on Tuesday,Digital Look reports. They presently have a GBX 1,150 target price on the stock. Berenberg Bank's price target points to a potential upside of 56.68% from the stock's current price.

Mortgage Advice Bureau Trading Up 7.9%

Mortgage Advice Bureau stock opened at GBX 734 on Tuesday. Mortgage Advice Bureau has a 12 month low of GBX 546 and a 12 month high of GBX 924. The stock has a fifty day simple moving average of GBX 759.85 and a two-hundred day simple moving average of GBX 789.46. The firm has a market cap of £429.11 million, a price-to-earnings ratio of 2,678.83, a PEG ratio of 0.81 and a beta of 1.14.

Mortgage Advice Bureau (LON:MAB1 - Get Free Report) last released its quarterly earnings results on Tuesday, September 23rd. The company reported GBX 11.80 earnings per share for the quarter. Mortgage Advice Bureau had a return on equity of 15.33% and a net margin of 4.41%. On average, equities research analysts forecast that Mortgage Advice Bureau will post 44.7385003 EPS for the current fiscal year.

Insider Activity at Mortgage Advice Bureau

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach acquired 246 shares of the stock in a transaction dated Friday, August 29th. The shares were purchased at an average price of GBX 755 per share, for a total transaction of £1,857.30. Over the last ninety days, insiders have bought 749 shares of company stock worth $604,920. 24.12% of the stock is owned by corporate insiders.

About Mortgage Advice Bureau

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.

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