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 equities researchers at Berenberg Bank in a report released on Thursday, Digital Look reports. They currently have a GBX 820 price objective on the stock. Berenberg Bank’s target price would indicate a potential upside of 22.39% from the company’s previous close.

Tatton Asset Management Trading Up 2.4%

LON:TAM traded up GBX 16 on Thursday, reaching GBX 670. The company’s stock had a trading volume of 162,520 shares, compared to its average volume of 171,786. Tatton Asset Management has a 1-year low of GBX 524.40 and a 1-year high of GBX 817.83. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.50 and a current ratio of 3.36. The firm has a market cap of £406.95 million, a PE ratio of 22.17, a PEG ratio of 1.91 and a beta of 0.72. The business’s 50-day moving average price is GBX 672.23 and its two-hundred day moving average price is GBX 664.06.

Insider Transactions at Tatton Asset Management

In related news, insider Paul Edwards sold 20,000 shares of the business’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. Also, insider Lothar Mentel sold 751 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of GBX 698, for a total value of £5,241.98. Company insiders own 18.93% 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.