Mortgage Advice Bureau (LON:MAB1) Shares Pass Below Fifty Day Moving Average - Should You Sell?

Key Points

• Mortgage Advice Bureau (MAB) shares dropped below their 50-day moving average, trading at GBX 672, down from the average of GBX 770.81.
• Analysts from Berenberg Bank have reiterated a "buy" rating for MAB, setting a target price of GBX 1,150 based on strong growth expectations.
• Insider activity shows confidence in the stock, with 24.12% of shares owned by insiders and recent purchases indicating positive sentiment.

Mortgage Advice Bureau (Holdings) plc (LON:MAB1 - Get Free Report) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 770.81 ($10.52) and traded as low as GBX 664 ($9.06). Mortgage Advice Bureau shares last traded at GBX 672 ($9.17), with a volume of 44,249 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 1,150 price target on shares of Mortgage Advice Bureau in a research note on Monday, September 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of GBX 1,150.

Mortgage Advice Bureau Stock Performance

The company's 50 day moving average price is GBX 770.81 and its 200 day moving average price is GBX 791.46. The company has a market cap of £389.94 million, a price-to-earnings ratio of 2,434.31, a P/E/G ratio of 0.81 and a beta of 1.14.

Insider Activity at Mortgage Advice Bureau

In other news, insider Nathan James McLean Imlach bought 246 shares of Mortgage Advice Bureau stock in a transaction dated Friday, August 29th. The shares were bought at an average price of GBX 755 per share, for a total transaction of £1,857.30. In the last 90 days, insiders have acquired 705 shares of company stock valued at $574,824. 24.12% of the stock is currently owned by insiders.

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.

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