Mortgage Advice Bureau (LON:MAB1) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Mortgage Advice Bureau (Holdings) plc (LON:MAB1)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 690.52 and traded as high as GBX 818. Mortgage Advice Bureau shares last traded at GBX 808, with a volume of 1,085,277 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,150 price objective on shares of Mortgage Advice Bureau in a report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Mortgage Advice Bureau has a consensus rating of “Buy” and an average target price of GBX 1,150.

Mortgage Advice Bureau Stock Down 1.6%

The business’s 50-day simple moving average is GBX 690.52 and its 200 day simple moving average is GBX 717.18. The firm has a market capitalization of £461.11 million, a P/E ratio of 24.30, a PEG ratio of 0.81 and a beta of 1.14.

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. MAB supports its AR firms with proprietary technology and services, including adviser recruitment and lead generation, learning and development, compliance auditing and supervision, and digital marketing and website solutions.