Tatton Asset Management (LON:TAM) Shares Up 1.4% – Should You Buy?

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

Analysts Set New Price Targets

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

Tatton Asset Management Trading Down 0.7%

The company has a market capitalization of £362.42 million, a price-to-earnings ratio of 21.67, a P/E/G ratio of 1.91 and a beta of 0.72. The company has a quick ratio of 3.50, a current ratio of 190.95 and a debt-to-equity ratio of 2.16. The company’s 50 day simple moving average is GBX 605.48 and its two-hundred day simple moving average is GBX 634.34.

Insider Activity at Tatton Asset Management

In other Tatton Asset Management news, insider Paul Hogarth sold 66,753 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of GBX 626, for a total value of £417,873.78. Also, insider Paul Edwards bought 17,855 shares of the stock in a transaction on Tuesday, March 17th. The stock was purchased at an average price of GBX 560 per share, with a total value of £99,988. 18.84% of the stock is owned by company insiders.

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.