Evoke (LON:EVOK) Shares Up 14.2% – Here’s What Happened

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

Wall Street Analyst Weigh In

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

Evoke Trading Up 14.2%

The firm has a market capitalization of £112.24 million, a P/E ratio of -0.99 and a beta of 0.84. The firm has a 50-day moving average of GBX 38.19 and a two-hundred day moving average of GBX 52.41.

About Evoke