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

Evoke plc (LON:EVOK)’s share price 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. upped their price objective on shares of 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 Buying and Selling at Evoke

In related news, insider Sean Wilkins bought 31,659 shares of the firm’s stock in a transaction on Friday, May 23rd. The shares were bought at an average cost of GBX 54 ($0.73) per share, for a total transaction of £17,095.86 ($23,111.88). Also, insider Per Widerström bought 68,958 shares of the firm’s stock in a transaction on Friday, May 23rd. The shares were bought at an average price of GBX 54 ($0.73) per share, for a total transaction of £37,237.32 ($50,341.11). Insiders bought a total of 202,269 shares of company stock valued at $10,515,918 in the last 90 days. Company insiders own 27.00% of the company’s stock.

Evoke Trading Up 13.0%

The firm has a market cap of £309.96 million, a price-to-earnings ratio of -1.74 and a beta of 0.84. The firm has a 50 day moving average price of GBX 58.67 and a 200-day moving average price of GBX 60.04.

Evoke Company Profile