Evoke (LON:EVOK) Trading 14.2% Higher – Here’s Why

Evoke plc (LON:EVOK) shares were up 14.2% on Wednesday . The stock traded as high as GBX 25 and last traded at GBX 24.95. Approximately 8,166,814 shares were traded during mid-day trading, an increase of 205% from the average daily volume of 2,677,196 shares. The stock had previously closed at GBX 21.85.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EVOK. Deutsche Bank Aktiengesellschaft boosted their price target on Evoke from GBX 88 to GBX 108 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. JPMorgan Chase & Co. dropped their target price on shares of Evoke from GBX 66 to GBX 34 and set a “neutral” rating on the stock in a research report on Tuesday, December 2nd. Finally, Berenberg Bank lowered shares of Evoke to a “hold” rating and cut their price target for the company from GBX 95 to GBX 35 in a research note on Thursday, November 27th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 79.25.

Evoke Trading Up 14.2%

The firm has a 50-day simple moving average of GBX 37.68 and a two-hundred day simple moving average of GBX 52.21. The company has a market capitalization of £112.24 million, a price-to-earnings ratio of -0.99 and a beta of 0.84.

Evoke Company Profile