Tatton Asset Management (LON:TAM) Stock Keeps “Buy” Rating at Berenberg Bank

Tatton Asset Management (LON:TAM)‘s stock had its “buy” rating reaffirmed by research analysts at Berenberg Bank in a report issued on Thursday, Digital Look reports. They currently have a GBX 820 target price on the stock. Berenberg Bank’s target price would indicate a potential upside of 22.39% from the company’s current price.

Tatton Asset Management Stock Performance

TAM traded down GBX 6 on Thursday, hitting GBX 670. 662,314 shares of the company traded hands, compared to its average volume of 173,987. The company has a 50 day moving average of GBX 674.83 and a 200-day moving average of GBX 662.10. The company has a quick ratio of 3.50, a current ratio of 3.36 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of £406.95 million, a PE ratio of 22.17, a PEG ratio of 1.91 and a beta of 0.71. Tatton Asset Management has a 12-month low of GBX 524.40 and a 12-month high of GBX 817.83.

Insider Buying and Selling

In other news, insider Lothar Mentel sold 751 shares of the business’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. Also, insider Paul Edwards sold 20,000 shares of the company’s 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. 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.