Tatton Asset Management (LON:TAM) Receives “Add” Rating from Peel Hunt

Tatton Asset Management (LON:TAM)‘s stock had its “add” rating restated by investment analysts at Peel Hunt in a report released on Tuesday,London Stock Exchange reports. They presently have a GBX 720 price target on the stock. Peel Hunt’s target price suggests a potential upside of 1.41% from the company’s previous close.

Tatton Asset Management Price Performance

Shares of LON:TAM remained flat at GBX 710 during trading hours on Tuesday. 253,028 shares of the stock traded hands, compared to its average volume of 92,328. Tatton Asset Management has a twelve month low of GBX 546 and a twelve month high of GBX 770. The company has a debt-to-equity ratio of 1.52, a current ratio of 3.71 and a quick ratio of 3.50. The firm has a market capitalization of £431.89 million, a P/E ratio of 27.09, a price-to-earnings-growth ratio of 1.91 and a beta of 1.03. The company’s 50 day moving average is GBX 718.42 and its two-hundred day moving average is GBX 691.09.

Tatton Asset Management (LON:TAM) last released its quarterly earnings data on Tuesday, November 18th. The company reported GBX 16.77 earnings per share (EPS) for the quarter. Tatton Asset Management had a net margin of 36.32% and a return on equity of 31.98%. On average, equities research analysts predict that Tatton Asset Management will post 26.0903733 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Paul Edwards sold 27,180 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of GBX 718, for a total transaction of £195,152.40. Also, insider Paul Hogarth sold 400,000 shares of the business’s stock in a transaction dated Friday, October 17th. The stock was sold at an average price of GBX 732, for a total transaction of £2,928,000. Company insiders own 19.10% 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.