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

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

Analyst Ratings Changes

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

Check Out Our Latest Stock Analysis on Tatton Asset Management

Tatton Asset Management Price Performance

The company’s 50-day simple moving average is GBX 601.72 and its 200 day simple moving average is GBX 662.93. 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 stock has a market capitalization of £380.73 million, a price-to-earnings ratio of 22.77, a P/E/G ratio of 1.91 and a beta of 0.76.

Insider Activity

In related news, insider Paul Edwards acquired 17,855 shares of the stock in a transaction dated Tuesday, March 17th. The shares were acquired at an average price of GBX 560 per share, with a total value of £99,988. Also, insider Paul Hogarth sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of GBX 700, for a total value of £700,000. Corporate insiders own 18.78% of the company’s stock.

About Tatton Asset Management

(Get Free Report)

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.

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