Tatton Asset Management (LON:TAM) Earns “Outperform” Rating from Royal Bank Of Canada

Tatton Asset Management (LON:TAM)‘s stock had its “outperform” rating reissued by Royal Bank Of Canada in a research note issued on Thursday,London Stock Exchange reports. They currently have a GBX 875 price objective on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 52.97% from the stock’s current price.

Tatton Asset Management Price Performance

LON TAM traded down GBX 10 during trading hours on Thursday, reaching GBX 572. The company’s stock had a trading volume of 853,085 shares, compared to its average volume of 168,019. The firm’s 50-day moving average price is GBX 626.63 and its 200-day moving average price is GBX 672.30. The company has a quick ratio of 3.50, a current ratio of 190.95 and a debt-to-equity ratio of 2.16. Tatton Asset Management has a 1 year low of GBX 524.41 and a 1 year high of GBX 770. The company has a market capitalization of £349.00 million, a price-to-earnings ratio of 20.87, a PEG ratio of 1.91 and a beta of 0.76.

Insider Buying and Selling at Tatton Asset Management

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

About Tatton Asset Management

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.