Mortgage Advice Bureau (LON:MAB1) Stock Crosses Below 200 Day Moving Average - What's Next?

Key Points

• Mortgage Advice Bureau (LON:MAB1) shares have fallen below their 200-day moving average of GBX 786.14, reaching a low of GBX 690 during trading.
• Berenberg Bank has restated a "buy" rating for the stock with a price target of GBX 1,150, as analysts maintain a consensus rating of "Buy" for Mortgage Advice Bureau.
• Insiders have recently acquired 2,150 shares of the company stock, indicating confidence in the company's future performance.

Mortgage Advice Bureau (Holdings) plc (LON:MAB1 - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 786.14 ($10.54) and traded as low as GBX 690 ($9.25). Mortgage Advice Bureau shares last traded at GBX 722 ($9.68), with a volume of 102,702 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a "buy" rating and set a GBX 1,150 price objective on shares of Mortgage Advice Bureau in a research report on Tuesday, September 23rd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of GBX 1,150.

Mortgage Advice Bureau Trading Down 0.3%

The firm has a market capitalization of £417.29 million, a PE ratio of 2,201.83, a PEG ratio of 0.81 and a beta of 1.14. The business's 50 day simple moving average is GBX 736.56 and its 200 day simple moving average is GBX 786.14.

Mortgage Advice Bureau (LON:MAB1 - Get Free Report) last issued its quarterly earnings data on Tuesday, September 23rd. The company reported GBX 11.80 EPS for the quarter. Mortgage Advice Bureau had a net margin of 4.41% and a return on equity of 15.33%. Analysts forecast that Mortgage Advice Bureau will post 44.7385003 earnings per share for the current year.

Insiders Place Their Bets

In other Mortgage Advice Bureau news, insider Emilie McCarthy acquired 1,369 shares of the company's stock in a transaction on Wednesday, September 24th. The stock was acquired at an average cost of GBX 730 per share, with a total value of £9,993.70. Also, insider Nathan James McLean Imlach acquired 263 shares of the company's stock in a transaction on Tuesday, September 30th. The stock was acquired at an average cost of GBX 710 per share, with a total value of £1,867.30. Insiders acquired a total of 2,150 shares of company stock valued at $1,588,202 over the last three months. Corporate insiders own 24.33% of the company's stock.

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.

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