Berenberg Bank Issues Positive Forecast for Tatton Asset Management (LON:TAM) Stock Price

Tatton Asset Management (LON:TAM) had its price target upped by Berenberg Bank from GBX 820 to GBX 840 in a report released on Wednesday, Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank‘s price target points to a potential upside of 28.08% from the stock’s previous close.

Tatton Asset Management Trading Down 0.0%

TAM stock opened at GBX 655.84 on Wednesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.50 and a current ratio of 3.36. The company’s 50-day simple moving average is GBX 664.82 and its 200 day simple moving average is GBX 655.89. Tatton Asset Management has a 52 week low of GBX 524.40 and a 52 week high of GBX 817.83. The company has a market capitalization of £398.35 million, a PE ratio of 21.70, a price-to-earnings-growth ratio of 1.91 and a beta of 0.72.

Tatton Asset Management (LON:TAM) last issued its quarterly earnings data on Tuesday, November 10th. The company reported GBX 22.25 earnings per share for the quarter. Tatton Asset Management had a net margin of 34.61% and a return on equity of 33.94%. The business had revenue of GBX 3,207 million during the quarter. As a group, sell-side analysts anticipate that Tatton Asset Management will post 26.09 earnings per share for the current year.

Insider Buying and Selling at Tatton Asset Management

In related news, insider Paul Edwards sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of GBX 665, for a total value of £133,000. Insiders own 18.93% of the company’s stock.

Tatton Asset Management Company Profile

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.