Mortgage Advice Bureau (LON:MAB1) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Mortgage Advice Bureau (Holdings) plc (LON:MAB1)’s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 701.06 and traded as high as GBX 730. Mortgage Advice Bureau shares last traded at GBX 680, with a volume of 394,692 shares trading hands.

Analysts Set New Price Targets

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

Mortgage Advice Bureau Stock Up 0.7%

The stock has a market cap of £397.32 million, a P/E ratio of 20.94, a P/E/G ratio of 0.81 and a beta of 1.14. The company’s 50 day moving average price is GBX 701.06 and its two-hundred day moving average price is GBX 709.12.

Insider Buying and Selling at Mortgage Advice Bureau

In other news, insider Nathan James McLean Imlach acquired 231 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The stock was purchased at an average cost of GBX 805 per share, for a total transaction of £1,859.55. Corporate insiders own 24.30% 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. 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.