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

Evoke plc (LON:EVOK - Get Free Report)'s stock price was 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). Approximately 5,723,622 shares changed hands during mid-day trading, an increase of 175% from the average daily volume of 2,082,184 shares. The stock had previously closed at GBX 61.50 ($0.83).

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

Insiders Place Their Bets

In other Evoke news, insider Sean Wilkins purchased 31,659 shares of the stock in a transaction on Friday, May 23rd. The shares were purchased at an average cost of GBX 54 ($0.73) per share, for a total transaction of £17,095.86 ($23,046.45). Also, insider Per Widerström purchased 68,958 shares of the stock in a transaction on Friday, May 23rd. The stock was acquired at an average price of GBX 54 ($0.73) per share, for a total transaction of £37,237.32 ($50,198.60). Over the last 90 days, insiders have purchased 202,269 shares of company stock worth $10,515,918. 27.00% of the stock is currently owned by company insiders.

Evoke Trading Up 13.0%

The company's 50-day simple moving average is GBX 58.17 and its 200-day simple moving average is GBX 59.98. The stock has a market capitalization of £309.96 million, a price-to-earnings ratio of -1.74 and a beta of 0.84.

Evoke Company Profile

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