Tatton Asset Management (LON:TAM) Shares Up 1% – Here’s What Happened

Tatton Asset Management plc (LON:TAM) shot up 1% during trading on Thursday . The company traded as high as GBX 632 and last traded at GBX 624. 482,882 shares traded hands during trading, an increase of 176% from the average session volume of 174,713 shares. The stock had previously closed at GBX 618.

Wall Street Analysts Forecast Growth

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

Tatton Asset Management Stock Performance

The company has a debt-to-equity ratio of 2.16, a current ratio of 190.95 and a quick ratio of 3.50. The company has a market capitalization of £380.73 million, a price-to-earnings ratio of 22.77, a PEG ratio of 1.91 and a beta of 0.76. The firm’s fifty day simple moving average is GBX 601.72 and its 200 day simple moving average is GBX 662.93.

Insider Buying and Selling at Tatton Asset Management

In other news, insider Paul Hogarth sold 100,000 shares of Tatton Asset Management stock in a transaction on Thursday, February 12th. The stock was sold at an average price of GBX 700, for a total transaction of £700,000. Also, insider Paul Edwards purchased 17,855 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were acquired at an average cost of GBX 560 per share, for a total transaction of £99,988. Company insiders own 18.78% 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.