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

Shares of Evoke plc (LON:EVOK) shot up 13% during 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 traded 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 research report on Thursday, July 10th.

Insider Activity at Evoke

In other news, insider Per Widerström acquired 68,958 shares of the firm’s stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average price of GBX 54 ($0.73) per share, with a total value of £37,237.32 ($50,341.11). Also, insider Sean Wilkins acquired 31,659 shares of the firm’s stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average cost of GBX 54 ($0.73) per share, with a total value of £17,095.86 ($23,111.88). Insiders acquired 202,269 shares of company stock worth $10,515,918 in the last 90 days. 27.00% of the stock is owned by company insiders.

Evoke Stock Performance

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’s 50 day moving average is GBX 58.67 and its 200-day moving average is GBX 60.04.

Evoke Company Profile