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

Mortgage Advice Bureau (Holdings) plc (LON:MAB1)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 689.06 and traded as low as GBX 676. Mortgage Advice Bureau shares last traded at GBX 676, with a volume of 218,151 shares.

Wall Street Analyst Weigh In

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

Mortgage Advice Bureau Price Performance

The firm has a 50 day moving average price of GBX 689.06 and a 200-day moving average price of GBX 737.45. The firm has a market cap of £391.79 million, a price-to-earnings ratio of 20.67, a price-to-earnings-growth 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.