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

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

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada restated an “outperform” rating and set a GBX 875 target price on shares of Tatton Asset Management in a report on Thursday, April 2nd. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 797.50.

Tatton Asset Management Stock Performance

The firm has a fifty day moving average price of GBX 604.84 and a 200 day moving average price of GBX 635.13. 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 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.

Insider Buying and Selling at Tatton Asset Management

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