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

Evoke plc (LON:EVOK) rose 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 trading, an increase of 205% from the average daily volume of 2,677,196 shares. The stock had previously closed at GBX 21.85.

Wall Street Analysts Forecast Growth

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

Evoke Trading Up 14.2%

The business’s 50-day simple moving average is GBX 38.19 and its two-hundred day simple moving average is GBX 52.41. The company has a market capitalization of £112.24 million, a PE ratio of -0.99 and a beta of 0.84.

Evoke Company Profile