Tatton Asset Management (LON:TAM) Coverage Initiated by Analysts at Berenberg Bank

Berenberg Bank started coverage on shares of Tatton Asset Management (LON:TAM) in a report released on Monday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a GBX 820 price target on the stock.

Tatton Asset Management Trading Up 2.2%

Shares of TAM stock opened at GBX 640 on Monday. The firm’s 50-day simple moving average is GBX 679.99 and its 200-day simple moving average is GBX 656.30. The company has a debt-to-equity ratio of 1.15, a current ratio of 3.36 and a quick ratio of 3.50. Tatton Asset Management has a 1-year low of GBX 524.40 and a 1-year high of GBX 817.83. The firm has a market cap of £388.52 million, a P/E ratio of 21.18, a PEG ratio of 1.91 and a beta of 0.71.

Insiders Place Their Bets

In other news, insider Paul Edwards sold 20,000 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of GBX 665, for a total transaction of £133,000. Also, insider Lothar Mentel sold 751 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of GBX 698, for a total value of £5,241.98. 18.94% of the stock is 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.