Berenberg Bank Forecasts Strong Price Appreciation for Tatton Asset Management (LON:TAM) Stock

Tatton Asset Management (LON:TAM) had its target price boosted by Berenberg Bank from GBX 820 to GBX 840 in a report issued on Wednesday, Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank‘s price target points to a potential upside of 28.08% from the stock’s previous close.

Tatton Asset Management Price Performance

LON:TAM opened at GBX 655.84 on Wednesday. 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 stock’s 50-day simple moving average is GBX 664.82 and its 200 day simple moving average is GBX 655.89. The company has a market cap of £398.35 million, a P/E ratio of 21.70, a P/E/G ratio of 1.91 and a beta of 0.72. Tatton Asset Management has a 52-week low of GBX 524.40 and a 52-week high of GBX 817.83.

Tatton Asset Management (LON:TAM) last posted its quarterly earnings results on Tuesday, November 10th. The company reported GBX 22.25 earnings per share (EPS) for the quarter. The firm had revenue of GBX 3,207 million for the quarter. Tatton Asset Management had a net margin of 34.61% and a return on equity of 33.94%. As a group, sell-side analysts forecast that Tatton Asset Management will post 26.09 EPS for the current fiscal year.

Insider Activity

In related news, insider Paul Edwards sold 20,000 shares of the firm’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of GBX 665, for a total value of £133,000. Insiders own 18.93% 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.