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

Evoke plc (LON:EVOK - Get Free Report) shares traded up 13% 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 ($0.96) and last traded at GBX 69.50 ($0.94). 5,723,622 shares traded hands during mid-day trading, an increase of 175% from the average session volume of 2,082,184 shares. The stock had previously closed at GBX 61.50 ($0.84).

Separately, JPMorgan Chase & Co. raised their target price on shares of Evoke from GBX 77 ($1.05) to GBX 80 ($1.09) and gave the stock a "neutral" rating in a research note on Thursday, July 10th.

Insiders Place Their Bets

In other Evoke news, insider Sean Wilkins purchased 31,659 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, for a total transaction of £17,095.86 ($23,228.07). Also, insider Per Widerström bought 68,958 shares of Evoke stock in a transaction dated 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 ($50,594.18). In the last quarter, insiders have purchased 202,269 shares of company stock valued at $10,515,918. 27.00% of the stock is owned by company insiders.

Evoke Trading Down 3.0%

The company has a market cap of £305.05 million, a price-to-earnings ratio of -1.71 and a beta of 0.84. The company's 50 day moving average price is GBX 59 and its 200 day moving average price is GBX 60.12.

Evoke Company Profile