Tatton Asset Management (LON:TAM) Stock Rating Reaffirmed as “Buy” by Berenberg Bank

Tatton Asset Management (LON:TAM)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a report released on Thursday, October 15th, Digital Look reports. They currently have a GBX 820 price objective on the stock. Berenberg Bank‘s price target indicates a potential upside of 22.75% from the company’s current price.

Tatton Asset Management Price Performance

LON:TAM traded up GBX 2 during mid-day trading on Thursday, hitting GBX 668. The company’s stock had a trading volume of 59,468 shares, compared to its average volume of 170,337. Tatton Asset Management has a fifty-two week low of GBX 524.40 and a fifty-two week high of GBX 817.83. 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 company has a market capitalization of £405.74 million, a price-to-earnings ratio of 22.10, a P/E/G ratio of 1.91 and a beta of 0.72. The stock has a fifty day moving average of GBX 670.79 and a 200-day moving average of GBX 665.31.

Insider Activity at Tatton Asset Management

In other news, insider Paul Edwards sold 20,000 shares of the 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. Also, insider Lothar Mentel sold 751 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of GBX 698, for a total value of £5,241.98. Corporate 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.