Mortgage Advice Bureau (LON:MAB1) Share Price Crosses Below Fifty Day Moving Average - Time to 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 crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 770.81 ($10.39) and traded as low as GBX 664 ($8.95). Mortgage Advice Bureau shares last traded at GBX 672 ($9.05), with a volume of 44,249 shares trading hands.

Analysts Set New Price Targets

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

Mortgage Advice Bureau Price Performance

The business has a 50 day moving average of GBX 762.41 and a 200 day moving average of GBX 790. The firm has a market capitalization of £404.56 million, a price-to-earnings ratio of 2,525.55, a PEG ratio of 0.81 and a beta of 1.14.

Insider Activity at Mortgage Advice Bureau

In related news, insider Nathan James McLean Imlach acquired 246 shares of the firm's stock in a transaction that occurred on Friday, August 29th. The stock was acquired at an average cost of GBX 755 per share, with a total value of £1,857.30. Insiders acquired 749 shares of company stock worth $604,920 over the last ninety days. 24.12% of the stock is owned by 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.