Tatton Asset Management (LON:TAM – Get Free Report)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research report issued on Thursday, Digital Look reports. They presently have a GBX 820 price target on the stock. Berenberg Bank’s price target would indicate a potential upside of 25.38% from the company’s previous close.
Tatton Asset Management Trading Down 2.4%
TAM opened at GBX 654 on Thursday. Tatton Asset Management has a one year low of GBX 524.40 and a one year high of GBX 817.83. The company has a market cap of £397.23 million, a P/E ratio of 21.64, a PEG ratio of 1.91 and a beta of 0.72. 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 business’s 50-day simple moving average is GBX 672.95 and its 200-day simple moving average is GBX 662.76.
Insiders Place Their Bets
In related news, insider Lothar Mentel sold 751 shares of Tatton Asset Management stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of GBX 698, for a total transaction of £5,241.98. Also, insider Paul Edwards sold 20,000 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of GBX 665, for a total value of £133,000. Company insiders own 18.93% of the company’s stock.
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.
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