Mortgage Advice Bureau (LON:MAB1) Shares Cross Below Fifty Day Moving Average - Here's What Happened

Key Points

• Mortgage Advice Bureau shares fell below their 50-day moving average, trading as low as GBX 513.34 and last at GBX 534 on volume of 1,048,007, versus a 50-day MA of GBX 590.28.
• Analysts maintain a consensus Buy rating with a large upside — Berenberg reiterated a Buy and the consensus target price is GBX 1,150 compared with the current ~GBX 534.
• An insider purchased 352 shares at GBX 576 and the company shows solid metrics (market cap £301.7m, P/E 20.16, PEG 0.81, ROE ~20.5%), suggesting some insider confidence despite the recent pullback.

Mortgage Advice Bureau (Holdings) plc (LON:MAB1 - Get Free Report)'s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 590.28 and traded as low as GBX 513.34. Mortgage Advice Bureau shares last traded at GBX 534, with a volume of 1,048,007 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 1,150 price objective on shares of Mortgage Advice Bureau in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Mortgage Advice Bureau presently has a consensus rating of "Buy" and a consensus target price of GBX 1,150.

Mortgage Advice Bureau Stock Performance

The firm has a market cap of £301.71 million, a P/E ratio of 20.16, a PEG ratio of 0.81 and a beta of 1.10. The company has a debt-to-equity ratio of 24.62, a quick ratio of 2.21 and a current ratio of 0.71. The stock's 50-day moving average is GBX 590.28 and its 200 day moving average is GBX 660.03.

Mortgage Advice Bureau (LON:MAB1 - Get Free Report) last posted its earnings results on Tuesday, March 17th. The company reported GBX 44.50 earnings per share for the quarter. Mortgage Advice Bureau had a return on equity of 20.53% and a net margin of 4.75%. On average, research analysts predict that Mortgage Advice Bureau will post 44.7385003 earnings per share for the current year.

Insider Buying and Selling at Mortgage Advice Bureau

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach acquired 352 shares of the firm's stock in a transaction that occurred on Wednesday, April 15th. The stock was acquired at an average cost of GBX 576 per share, for a total transaction of £2,027.52. 24.30% of the stock is owned by company insiders.

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.

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