Tatton Asset Management's (TAM) "Outperform" Rating Reaffirmed at Royal Bank Of Canada

Key Points

• Royal Bank of Canada reaffirmed an "Outperform" rating on Tatton Asset Management and set a price target of GBX 875, implying about a 52.97% upside from the previous close.
• The stock traded down to GBX 572 on heavy volume (853,085 shares vs. an average of 168,019) and is trading below its 50-day (GBX 626.63) and 200-day (GBX 672.30) moving averages.
• Notable insider activity: CEO Paul Hogarth sold 100,000 shares at GBX 700, while Paul Edwards bought 17,855 shares at GBX 560; corporate insiders collectively own 18.78% of the company.

Tatton Asset Management (LON:TAM - Get Free Report)'s stock had its "outperform" rating reiterated by analysts at Royal Bank Of Canada in a report issued on Thursday,London Stock Exchange reports. They currently have a GBX 875 price objective on the stock. Royal Bank Of Canada's price target suggests a potential upside of 52.97% from the stock's previous close.

Tatton Asset Management Stock Performance

Shares of LON:TAM traded down GBX 10 during mid-day trading on Thursday, reaching GBX 572. 853,085 shares of the company traded hands, compared to its average volume of 168,019. The company's 50 day moving average price is GBX 626.63 and its 200-day moving average price is GBX 672.30. The firm has a market cap of £349.00 million, a PE ratio of 20.87, a PEG ratio of 1.91 and a beta of 0.76. Tatton Asset Management has a 52 week low of GBX 524.41 and a 52 week high of GBX 770. The company has a debt-to-equity ratio of 2.16, a current ratio of 190.95 and a quick ratio of 3.50.

Insider Buying and Selling

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

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