Berenberg Bank Reiterates “Buy” Rating for Mortgage Advice Bureau (LON:MAB1)

Mortgage Advice Bureau (LON:MAB1)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a research report issued to clients and investors on Monday, MarketBeat.com reports. They currently have a GBX 1,150 price target on the stock. Berenberg Bank’s target price would indicate a potential upside of 66.66% from the company’s current price.

Mortgage Advice Bureau Stock Performance

Shares of LON MAB1 opened at GBX 690.04 on Monday. The firm has a market capitalization of £403.41 million, a P/E ratio of 2,518.41, a PEG ratio of 0.81 and a beta of 1.14. Mortgage Advice Bureau has a one year low of GBX 528 and a one year high of GBX 924. The company’s fifty day moving average is GBX 790.57 and its two-hundred day moving average is GBX 794.55.

Insider Activity at Mortgage Advice Bureau

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach acquired 246 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The shares were acquired at an average cost of GBX 755 per share, for a total transaction of £1,857.30. In the last 90 days, insiders have acquired 740 shares of company stock worth $604,574. 24.12% of the stock is currently owned by 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.