Mortgage Advice Bureau (LON:MAB1) Shares Cross Above 50-Day Moving Average – Here’s Why

Mortgage Advice Bureau (Holdings) plc (LON:MAB1) shares 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 trading hands.

Wall Street Analyst Weigh In

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 equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 1,150.

Mortgage Advice Bureau Price Performance

The stock’s 50-day moving average is GBX 692.58 and its 200 day moving average is GBX 716.99. The stock has a market cap of £452.57 million, a price-to-earnings ratio of 23.85, a P/E/G ratio of 0.81 and a beta of 1.14.

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. 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.