Berenberg Bank Cuts Mortgage Advice Bureau (LON:MAB1) Price Target to GBX 975

Mortgage Advice Bureau (LON:MAB1) had its price target cut by Berenberg Bank from GBX 1,150 to GBX 975 in a report published on Wednesday morning,Digital Look reports. They currently have a buy rating on the stock.

Mortgage Advice Bureau Stock Performance

Shares of MAB1 stock opened at GBX 380 on Wednesday. The firm’s 50 day moving average is GBX 515.12 and its 200 day moving average is GBX 538.54. The stock has a market capitalization of £218.93 million, a P/E ratio of 14.73, a PEG ratio of 0.81 and a beta of 1.03. Mortgage Advice Bureau has a 12 month low of GBX 379 and a 12 month high of GBX 818. The company has a current ratio of 0.71, a quick ratio of 2.21 and a debt-to-equity ratio of 24.62.

Insider Activity

In related news, insider Nathan James McLean Imlach purchased 366 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was purchased at an average cost of GBX 523 per share, with a total value of £1,914.18. Insiders acquired a total of 763 shares of company stock worth $398,138 in the last quarter. Corporate insiders own 24.49% of the company’s stock.

Mortgage Advice Bureau Company Profile

MAB is a leading UK property finance platform that connects customers, advisers, lenders, and insurers throughout the homeownership journey. Through its scalable, technology-driven intermediary model, MAB delivers personalised mortgage and protection advice via its proprietary platform, supported by deep customer insight and a data-rich, digitally enabled framework.

Through its partner firms, known as Appointed Representatives (ARs), MAB has over 2,100 advisers providing expert advice across mortgages, specialist lending, protection and general insurance products.