Tatton Asset Management (LON:TAM) Sets New 52-Week High – Should You Buy?

Shares of Tatton Asset Management plc (LON:TAM) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 780 and last traded at GBX 780, with a volume of 213146 shares changing hands. The stock had previously closed at GBX 740.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 875 price target on shares of Tatton Asset Management in a report on Thursday, April 2nd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Tatton Asset Management currently has an average rating of “Buy” and an average target price of GBX 797.50.

Tatton Asset Management Trading Up 1.6%

The business has a 50 day moving average of GBX 660.45 and a two-hundred day moving average of GBX 640.15. The company has a current ratio of 3.36, a quick ratio of 3.50 and a debt-to-equity ratio of 1.15. The firm has a market cap of £493.33 million, a P/E ratio of 26.89, a PEG ratio of 1.91 and a beta of 0.73.

Tatton Asset Management (LON:TAM) last announced its quarterly earnings results on Tuesday, June 16th. The company reported GBX 36.06 earnings per share (EPS) for the quarter. Tatton Asset Management had a return on equity of 33.94% and a net margin of 34.61%.The business had revenue of GBX 5,444 million during the quarter. Analysts predict that Tatton Asset Management plc will post 26.0903733 earnings per share for the current year.

Insider Activity

In related news, insider Paul Hogarth bought 73,200 shares of Tatton Asset Management stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average price of GBX 625 per share, with a total value of £457,500. Also, insider Pippa Hamnett bought 601 shares of Tatton Asset Management stock in a transaction that occurred on Tuesday, June 16th. The shares were bought at an average cost of GBX 656 per share, with a total value of £3,942.56. Insiders have purchased 75,191 shares of company stock valued at $47,163,126 over the last ninety days. 18.94% of the stock is currently owned by company 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.