Mortgage Advice Bureau (LON:MAB1) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Shares of Mortgage Advice Bureau (Holdings) plc (LON:MAB1) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 695.33 and traded as low as GBX 670. Mortgage Advice Bureau shares last traded at GBX 680, with a volume of 23,601 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 1,150 price objective on shares of Mortgage Advice Bureau in a research report on Tuesday, September 23rd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 1,150.

Mortgage Advice Bureau Stock Performance

The firm’s 50 day moving average price is GBX 695.33 and its two-hundred day moving average price is GBX 757.99. The firm has a market cap of £394.11 million, a PE ratio of 20.80, a PEG ratio of 0.81 and a beta of 1.14.

Mortgage Advice Bureau (LON:MAB1) last released its quarterly earnings data on Tuesday, September 23rd. The company reported GBX 11.80 EPS for the quarter. Mortgage Advice Bureau had a return on equity of 15.33% and a net margin of 4.41%. On average, analysts forecast that Mortgage Advice Bureau will post 44.7385003 earnings per share for the current year.

Insider Buying and Selling at Mortgage Advice Bureau

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach acquired 263 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The stock was purchased at an average cost of GBX 710 per share, with a total value of £1,867.30. Also, insider Emilie McCarthy acquired 1,369 shares of Mortgage Advice Bureau stock in a transaction that occurred on Wednesday, September 24th. The stock was bought at an average price of GBX 730 per share, for a total transaction of £9,993.70. In the last ninety days, insiders bought 1,676 shares of company stock worth $1,216,196. Corporate insiders own 24.33% of the company’s stock.

Mortgage Advice Bureau Company Profile

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.