top of page
  • Mark Watson-Mitchell

Mortgage Advice Bureau to benefit in tough markets - Peel Hunt

Mortgage Advice Bureau (MAB1) is facing a tough environment but it has competitive edges that will allow it to succeed in weak markets, says Peel Hunt.


Analyst Robert Sage reiterated his ‘buy’ recommendation and target price of £16.20 on the stock, which slipped 4.2% to finish at 592p on Tuesday.


‘Visibility over Mortgage Advice Bureau’s shorter-term financial outlook has been clouded by turmoil in the external environment, but the potential to accelerate the group’s growth agenda has increased as its competitive advantages play more strongly in weaker markets,’ he said.


He added that performance remains ‘good’ and it ‘tends to gain market share more rapidly in weak market conditions as advisers… have more need of the support that Mortgage Advice Bureau can provide compared with other mortgage networks’.


Source: citywire.co.uk

Recent Posts

See All

Hollywood Bowl (BOWL) is too cheap considering the ten-pin bowling operator continues to outperform, says Berenberg. Analyst Owen Shirley retained his ‘buy’ recommendation and target price of 350p on

Ventilation group Volution (FAN) has delivered strong 2022 numbers and Berenberg believes this puts it on track to narrow the valuation gap with its European peers. Analyst Lushanthan Mahendrarajah re

bottom of page