Tatton Asset Management (LON:TAM) Sets New 12-Month High – Here’s Why

Tatton Asset Management plc (LON:TAM)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 780 and last traded at GBX 780, with a volume of 213146 shares trading hands. The stock had previously closed at GBX 740.

Wall Street Analyst Weigh In

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

Tatton Asset Management Stock Performance

The company has a quick ratio of 3.50, a current ratio of 3.36 and a debt-to-equity ratio of 1.15. The firm has a market cap of £473.51 million, a P/E ratio of 25.81, a P/E/G ratio of 1.91 and a beta of 0.73. The business has a fifty day simple moving average of GBX 653.93 and a 200-day simple moving average of GBX 638.38.

Tatton Asset Management (LON:TAM) last announced its earnings results on Tuesday, June 16th. The company reported GBX 36.06 EPS for the quarter. The firm had revenue of GBX 5,444 million for the quarter. Tatton Asset Management had a net margin of 34.61% and a return on equity of 33.94%. On average, sell-side analysts predict that Tatton Asset Management plc will post 26.0903733 EPS for the current fiscal year.

Insider Buying and Selling

In other Tatton Asset Management news, insider Pippa Hamnett bought 601 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was acquired at an average price of GBX 656 per share, with a total value of £3,942.56. Also, insider Lothar Mentel bought 1,390 shares of the stock in a transaction dated Monday, July 6th. The shares were acquired at an average price of GBX 733 per share, with a total value of £10,188.70. Insiders have acquired 75,191 shares of company stock valued at $47,163,126 over the last quarter. Corporate insiders own 18.94% 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.