Mortgage Advice Bureau (LON:MAB1) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Mortgage Advice Bureau (Holdings) plc (LON:MAB1) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 693.75 and traded as high as GBX 704. Mortgage Advice Bureau shares last traded at GBX 676, with a volume of 355,642 shares traded.

Wall Street Analysts Forecast Growth

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

Mortgage Advice Bureau Price Performance

The stock has a fifty day moving average price of GBX 693.75 and a two-hundred day moving average price of GBX 772.12. The company has a market cap of £390.63 million, a P/E ratio of 20.61, a PEG ratio of 0.81 and a beta of 1.14.

Mortgage Advice Bureau (LON:MAB1) last posted its earnings results 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%. As a group, analysts forecast that Mortgage Advice Bureau will post 44.7385003 earnings per share for the current year.

Insider Activity

In related news, insider Nathan James McLean Imlach acquired 263 shares of Mortgage Advice Bureau stock in a transaction that occurred on Tuesday, September 30th. The stock was acquired at an average price of GBX 710 per share, with a total value of £1,867.30. Also, insider Emilie McCarthy bought 1,369 shares of the stock in a transaction on Wednesday, September 24th. The shares were bought at an average cost of GBX 730 per share, for a total transaction of £9,993.70. Insiders purchased 1,922 shares of company stock valued at $1,401,926 in the last ninety days. 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.