Berenberg Bank Initiates Coverage on Mortgage Advice Bureau (LON:MAB1)

Investment analysts at Berenberg Bank began coverage on shares of Mortgage Advice Bureau (LON:MAB1) in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a GBX 1,150 ($14.58) price target on the stock. Berenberg Bank’s price objective would suggest a potential upside of 48.96% from the stock’s previous close.

Mortgage Advice Bureau Stock Performance

LON:MAB1 opened at GBX 772 ($9.78) on Monday. The business’s 50-day moving average is GBX 712.47 and its 200 day moving average is GBX 703.21. Mortgage Advice Bureau has a 12 month low of GBX 528 ($6.69) and a 12 month high of GBX 984 ($12.47). The company has a market capitalization of £447.43 million, a P/E ratio of 41.16, a P/E/G ratio of 0.81 and a beta of 1.14.

Insider Activity

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach bought 300 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were purchased at an average cost of GBX 730 ($9.25) per share, for a total transaction of £2,190 ($2,775.67). In the last ninety days, insiders bought 1,022 shares of company stock worth $674,090. 20.02% of the stock is currently owned by insiders.

About Mortgage Advice Bureau

Mortgage Advice Bureau (Holdings) plc, together with its subsidiaries, provides mortgage advice services in the United Kingdom. The company offers proprietary technology and services, which includes adviser recruitment and lead generation, learning and development, compliance auditing and supervision, and digital marketing and website solutions.