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

Evoke plc (LON:EVOK) shares rose 14.2% during trading on Wednesday . The company traded as high as GBX 25 and last traded at GBX 24.95. Approximately 8,166,814 shares traded hands 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.

Analyst Upgrades and Downgrades

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

Evoke Stock Up 14.2%

The firm has a market capitalization of £112.24 million, a PE ratio of -0.99 and a beta of 0.84. The business has a 50-day moving average price of GBX 38.19 and a 200-day moving average price of GBX 52.41.

About Evoke