Mortgage Advice Bureau (LON:MAB1) Stock Price Breaks Above Fifty Day Moving Average – What’s Next?

Mortgage Advice Bureau (Holdings) plc (LON:MAB1) passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of GBX 406.63 and traded as high as GBX 409.50. Mortgage Advice Bureau shares last traded at GBX 407.12, with a volume of 4,100,862 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 975 price target on shares of Mortgage Advice Bureau in a research note on Tuesday, September 22nd. 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 a consensus price target of GBX 975.

Mortgage Advice Bureau Price Performance

The company has a quick ratio of 2.21, a current ratio of 0.60 and a debt-to-equity ratio of 43.59. The company has a fifty day moving average price of GBX 406.63 and a 200-day moving average price of GBX 537.09. The stock has a market capitalization of £234.20 million, a P/E ratio of 15.76, a PEG ratio of 0.81 and a beta of 1.06.

Mortgage Advice Bureau (LON:MAB1) last announced its quarterly earnings results on Wednesday, September 23rd. The company reported GBX 6.30 EPS for the quarter. Mortgage Advice Bureau had a return on equity of 16.94% and a net margin of 3.59%. As a group, research analysts forecast that Mortgage Advice Bureau will post 44.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Mike Jones bought 5,833 shares of the stock in a transaction dated Friday, October 9th. The stock was purchased at an average cost of GBX 343 per share, for a total transaction of £20,007.19. Also, insider Rachel Haworth bought 5,452 shares of the business’s stock in a transaction that occurred on Monday, October 19th. The stock was acquired at an average cost of GBX 366 per share, with a total value of £19,954.32. Insiders have bought a total of 11,679 shares of company stock valued at $4,202,409 in the last quarter. 24.49% of the stock is currently owned by insiders.

Mortgage Advice Bureau Company Profile

MAB is a leading UK property finance platform that connects customers, advisers, lenders, and insurers throughout the homeownership journey. Through its scalable, technology-driven intermediary model, MAB delivers personalised mortgage and protection advice via its proprietary platform, supported by deep customer insight and a data-rich, digitally enabled framework.

Through its partner firms, known as Appointed Representatives (ARs), MAB has over 2,100 advisers providing expert advice across mortgages, specialist lending, protection and general insurance products.