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

Shares of Evoke plc (LON:EVOK - Get Free Report) rose 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 were traded during 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. increased 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 note on Thursday, July 10th.

Insider Activity

In related news, insider Per Widerström acquired 68,958 shares of the stock in a transaction dated Friday, May 23rd. The shares were acquired 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 dated 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 ($23,111.88). Over the last three months, insiders purchased 202,269 shares of company stock valued at $10,515,918. Company insiders own 27.00% of the company's stock.

Evoke Stock Up 13.0%

The company has a market capitalization of £309.96 million, a P/E ratio of -1.74 and a beta of 0.84. The firm has a fifty day simple moving average of GBX 58.67 and a 200-day simple moving average of GBX 60.04.

About Evoke

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