Mortgage Advice Bureau (LON:MAB1) Shares Cross Above 50-Day Moving Average – Time to Sell?

Mortgage Advice Bureau (Holdings) plc (LON:MAB1) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 693.56 and traded as high as GBX 730. Mortgage Advice Bureau shares last traded at GBX 722, with a volume of 637,044 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,150 price target on shares of Mortgage Advice Bureau in a research note on Tuesday, September 23rd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 1,150.

Mortgage Advice Bureau Price Performance

The company has a market cap of £413.81 million, a P/E ratio of 21.83, a PEG ratio of 0.81 and a beta of 1.14. The firm’s 50-day moving average is GBX 693.56 and its two-hundred day moving average is GBX 777.41.

Mortgage Advice Bureau (LON:MAB1) last issued its quarterly earnings data on Tuesday, September 23rd. The company reported GBX 11.80 EPS for the quarter. Mortgage Advice Bureau had a net margin of 4.41% and a return on equity of 15.33%. As a group, sell-side analysts expect that Mortgage Advice Bureau will post 44.7385003 EPS for the current year.

Insider Buying and Selling

In related news, insider Emilie McCarthy bought 1,369 shares of the business’s stock in a transaction dated Wednesday, September 24th. The shares were purchased at an average price of GBX 730 per share, with a total value of £9,993.70. Also, insider Nathan James McLean Imlach purchased 263 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The shares were bought at an average price of GBX 710 per share, for a total transaction of £1,867.30. Over the last 90 days, insiders have acquired 1,922 shares of company stock worth $1,401,926. Company insiders own 24.33% of the company’s stock.

About Mortgage Advice Bureau

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.