Tatton Asset Management (LON:TAM) Trading 15.3% Higher – Should You Buy?

Tatton Asset Management plc (LON:TAM)’s share price traded up 15.3% during trading on Tuesday . The stock traded as high as GBX 700 and last traded at GBX 694. 1,458,220 shares changed hands during trading, an increase of 590% from the average session volume of 211,186 shares. The stock had previously closed at GBX 602.

Analysts Set New Price Targets

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

Tatton Asset Management Stock Up 15.3%

The firm has a 50-day moving average of GBX 606.52 and a 200 day moving average of GBX 632.17. The stock has a market capitalization of £423.44 million, a price-to-earnings ratio of 25.32, a price-to-earnings-growth ratio of 1.91 and a beta of 0.73. The company has a current ratio of 190.95, a quick ratio of 3.50 and a debt-to-equity ratio of 2.16.

Tatton Asset Management (LON:TAM) last announced its 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 31.92% and a net margin of 34.46%.The company had revenue of GBX 5,444 million for the quarter. On average, sell-side analysts anticipate that Tatton Asset Management plc will post 26.0903733 earnings per share for the current year.

Insider Activity

In other Tatton Asset Management news, insider Paul Hogarth bought 73,200 shares of the business’s stock in a transaction on Friday, May 8th. The shares were bought at an average cost of GBX 625 per share, with a total value of £457,500. 18.84% 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.