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

Shares of Evoke plc (LON:EVOK - Get Free Report) were up 13% on Wednesday 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 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 target price 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 Buying and Selling

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

Evoke Trading Up 13.0%

The firm's 50-day simple moving average is GBX 58.67 and its two-hundred day simple moving average is GBX 60.04. The stock has a market capitalization of £309.96 million, a PE ratio of -1.74 and a beta of 0.84.

About Evoke

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