Tatton Asset Management (LON:TAM) Trading 1.4% Higher – What’s Next?

Shares of Tatton Asset Management plc (LON:TAM) were up 1.4% during mid-day trading on Tuesday . The company traded as high as GBX 598 and last traded at GBX 588. Approximately 1,121,956 shares changed hands during mid-day trading, an increase of 461% from the average daily volume of 200,012 shares. The stock had previously closed at GBX 580.

Analyst Upgrades and Downgrades

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

Tatton Asset Management Price Performance

The company has a market cap of £358.76 million, a PE ratio of 21.45, a price-to-earnings-growth ratio of 1.91 and a beta of 0.72. The company has a debt-to-equity ratio of 2.16, a quick ratio of 3.50 and a current ratio of 190.95. The stock has a 50 day moving average of GBX 604.84 and a 200-day moving average of GBX 635.13.

Insider Activity

In related news, insider Paul Edwards purchased 17,855 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were bought at an average cost of GBX 560 per share, with a total value of £99,988. Also, insider Paul Hogarth sold 66,753 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of GBX 626, for a total value of £417,873.78. 18.84% 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.