Berenberg Bank Begins Coverage on Tatton Asset Management (LON:TAM)

Research analysts at Berenberg Bank began coverage on shares of Tatton Asset Management (LON:TAM) in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a GBX 820 price target on the stock. Berenberg Bank’s price target would suggest a potential upside of 20.23% from the company’s current price.

Tatton Asset Management Stock Up 6.6%

Shares of TAM opened at GBX 682 on Monday. The firm has a market capitalization of £414.02 million, a price-to-earnings ratio of 22.57, a PEG ratio of 1.91 and a beta of 0.71. Tatton Asset Management has a 52 week low of GBX 524.40 and a 52 week high of GBX 817.83. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.50 and a current ratio of 3.36. The business’s fifty day moving average price is GBX 679.03 and its two-hundred day moving average price is GBX 657.17.

Insider Activity

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