Tatton Asset Management (LON:TAM) Trading 0.6% Higher – Should You Buy?

Tatton Asset Management plc (LON:TAM)’s share price shot up 0.6% on Friday . The company traded as high as GBX 682 and last traded at GBX 664. 24,219 shares traded hands during trading, a decline of 74% from the average session volume of 92,396 shares. The stock had previously closed at GBX 660.

Wall Street Analyst Weigh In

Separately, Peel Hunt restated an “add” rating and set a GBX 720 target price on shares of Tatton Asset Management in a research report on Tuesday, November 18th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 720.

Tatton Asset Management Price Performance

The company has a debt-to-equity ratio of 1.52, a current ratio of 3.71 and a quick ratio of 3.50. The firm has a market capitalization of £407.05 million, a price-to-earnings ratio of 24.22, a PEG ratio of 1.91 and a beta of 1.03. The business’s fifty day simple moving average is GBX 702.09 and its 200 day simple moving average is GBX 704.87.

Tatton Asset Management (LON:TAM) last announced its quarterly earnings data on Tuesday, November 18th. The company reported GBX 16.77 earnings per share for the quarter. Tatton Asset Management had a net margin of 36.32% and a return on equity of 31.98%. On average, research analysts forecast that Tatton Asset Management plc will post 26.0903733 EPS for the current year.

Insider Buying and Selling at Tatton Asset Management

In related news, insider Lothar Mentel sold 9,049 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of GBX 683, for a total value of £61,804.67. Also, insider Pippa Hamnett purchased 732 shares of Tatton Asset Management stock in a transaction that occurred on Friday, November 28th. The stock was acquired at an average cost of GBX 694 per share, with a total value of £5,080.08. Insiders own 19.10% 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.