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

Equities researchers at Berenberg Bank initiated coverage on shares of Mortgage Advice Bureau (LON:MAB1) in a note issued to investors on Monday, MarketBeat.com reports. The firm 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 company’s current price.

Mortgage Advice Bureau Stock Performance

LON MAB1 opened at GBX 772 ($9.78) on Monday. The business’s fifty day moving average is GBX 712.47 and its 200 day moving average is GBX 703.21. Mortgage Advice Bureau has a fifty-two week low of GBX 528 ($6.69) and a fifty-two week high of GBX 984 ($12.47). The company has a market capitalization of £447.43 million, a PE ratio of 41.16, a price-to-earnings-growth ratio of 0.81 and a beta of 1.14.

Insider Activity

In other news, insider Nathan James McLean Imlach acquired 331 shares of Mortgage Advice Bureau stock in a transaction dated Tuesday, December 31st. The stock was purchased at an average cost of GBX 642 ($8.14) per share, with a total value of £2,125.02 ($2,693.31). Insiders have purchased a total of 1,022 shares of company stock valued at $674,090 in the last ninety days. Corporate insiders own 20.02% of the company’s stock.

Mortgage Advice Bureau Company Profile

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.