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

Mortgage Advice Bureau (LON:MAB1) had its price target reduced by analysts at Berenberg Bank from GBX 1,150 to GBX 975 in a research note issued on Wednesday, Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 141.63% from the stock’s previous close.

Mortgage Advice Bureau Stock Down 17.7%

MAB1 opened at GBX 403.50 on Wednesday. The company has a market capitalization of £232.47 million, a P/E ratio of 15.64, a P/E/G ratio of 0.81 and a beta of 1.03. The company has a debt-to-equity ratio of 24.62, a current ratio of 0.71 and a quick ratio of 2.21. The firm’s fifty day moving average price is GBX 523.46 and its two-hundred day moving average price is GBX 543.66. Mortgage Advice Bureau has a fifty-two week low of GBX 381.05 and a fifty-two week high of GBX 818.

Insider Buying and Selling at Mortgage Advice Bureau

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach bought 366 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average price of GBX 523 per share, with a total value of £1,914.18. In the last quarter, insiders have bought 763 shares of company stock worth $398,138. 24.49% of the stock is currently owned by insiders.

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.