Evoke (LON:EVOK) Stock Price Up 13% After Analyst Upgrade

Evoke plc (LON:EVOK) shares shot up 13% during mid-day trading on Tuesday after Berenberg Bank raised their price target on the stock from GBX 90 to GBX 95. Berenberg Bank currently has a buy rating on the stock. Evoke traded as high as GBX 70.30 ($0.95) and last traded at GBX 69.50 ($0.94). 5,723,622 shares changed hands during trading, an increase of 175% from the average session volume of 2,082,184 shares. The stock had previously closed at GBX 61.50 ($0.83).

Separately, JPMorgan Chase & Co. increased their price target on Evoke from GBX 77 ($1.04) to GBX 80 ($1.08) and gave the company a “neutral” rating in a report on Thursday, July 10th.

Insider Transactions at Evoke

In related news, insider Sean Wilkins acquired 31,659 shares of the company’s stock in a transaction that occurred on Friday, May 23rd. The shares were bought at an average price of GBX 54 ($0.73) per share, with a total value of £17,095.86 ($23,111.88). Also, insider Per Widerström acquired 68,958 shares of the company’s stock in a transaction that occurred on Friday, May 23rd. The shares were bought at an average cost of GBX 54 ($0.73) per share, for a total transaction of £37,237.32 ($50,341.11). In the last ninety days, insiders have purchased 202,269 shares of company stock worth $10,515,918. 27.00% of the stock is owned by corporate insiders.

Evoke Price Performance

The stock has a market cap of £309.96 million, a price-to-earnings ratio of -1.74 and a beta of 0.84. The stock has a fifty day moving average of GBX 58.67 and a 200 day moving average of GBX 60.04.

Evoke Company Profile