Free Trial

Mortgage Advice Bureau (LON:MAB1) Share Price Passes Below 200-Day Moving Average - What's Next?

Mortgage Advice Bureau logo with Financial Services background

Key Points

  • The share price of Mortgage Advice Bureau (LON:MAB1) has fallen below its 200-day moving average, trading as low as GBX 680.99 ($9.15) recently.
  • Berenberg Bank has restated a "buy" rating on the stock, with a target price of GBX 1,150, aligning with a consensus rating of "Buy" among analysts.
  • Insiders have shown confidence in the company by purchasing shares, with 24.12% of the stock currently owned by corporate insiders, including a recent buy of 246 shares at an average price of GBX 755.
  • MarketBeat previews the top five stocks to own by October 1st.

Mortgage Advice Bureau (Holdings) plc (LON:MAB1 - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 798.53 ($10.77) and traded as low as GBX 680.99 ($9.19). Mortgage Advice Bureau shares last traded at GBX 684 ($9.23), with a volume of 25,273 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 1,150 target price on shares of Mortgage Advice Bureau in a research note on Thursday, July 24th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Mortgage Advice Bureau currently has an average rating of "Buy" and an average price target of GBX 1,150.

View Our Latest Research Report on Mortgage Advice Bureau

Mortgage Advice Bureau Price Performance

The company has a market capitalization of £409.23 million, a PE ratio of 2,554.74, a PEG ratio of 0.81 and a beta of 1.14. The company has a 50 day moving average of GBX 798.01 and a two-hundred day moving average of GBX 796.03.

Insiders Place Their Bets

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach acquired 246 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was bought at an average cost of GBX 755 per share, for a total transaction of £1,857.30. Over the last ninety days, insiders bought 740 shares of company stock valued at $604,574. Corporate insiders own 24.12% of the company's stock.

About Mortgage Advice Bureau

(Get Free Report)

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.

Read More

Should You Invest $1,000 in Mortgage Advice Bureau Right Now?

Before you consider Mortgage Advice Bureau, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mortgage Advice Bureau wasn't on the list.

While Mortgage Advice Bureau currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Buy And Hold Forever Cover

Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report
Like this article? Share it with a colleague.