Tatton Asset Management (LON:TAM) Shares Up 1% – What’s Next?

Tatton Asset Management plc (LON:TAMGet Free Report)’s share price traded up 1% during trading on Thursday . The stock traded as high as GBX 632 and last traded at GBX 624. 482,882 shares traded hands during mid-day trading, an increase of 176% from the average session volume of 174,713 shares. The stock had previously closed at GBX 618.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada restated an “outperform” rating and set a GBX 875 price target on shares of Tatton Asset Management in a research note on Thursday, April 2nd. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 797.50.

View Our Latest Research Report on Tatton Asset Management

Tatton Asset Management Price Performance

The firm has a 50-day simple moving average of GBX 600.24 and a two-hundred day simple moving average of GBX 662.43. The company has a market capitalization of £375.85 million, a price-to-earnings ratio of 22.47, a P/E/G ratio of 1.91 and a beta of 0.76. The company has a current ratio of 190.95, a quick ratio of 3.50 and a debt-to-equity ratio of 2.16.

Insider Buying and Selling

In other news, insider Paul Edwards bought 17,855 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was purchased at an average cost of GBX 560 per share, with a total value of £99,988. Also, insider Paul Hogarth sold 100,000 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of GBX 700, for a total transaction of £700,000. 18.78% of the stock is owned by company insiders.

About Tatton Asset Management

(Get Free Report)

Tatton Asset Management plc was founded by entrepreneur and current Chief Executive Officer, Paul Hogarth who had previously co-founded and developed the then largest IFA support services business in the UK, Bankhall. Paul’s vision in starting Tatton Asset Management was to create a range of services to power the UK’s leading financial advisers, facilitating expansion and enabling them to better service their clients. Tatton Asset Management offers on-platform only discretionary fund management, regulatory, compliance and business consulting services, as well as a whole of market mortgage provision, to Directly Authorised financial advisers across the UK.

Further Reading

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