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

by · The Cerbat Gem

Evoke plc (LON:EVOK – Get Free Report)’s stock 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 changed hands 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.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EVOK. JPMorgan Chase & Co. reduced 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 dropped their price objective for the company from GBX 95 to GBX 35 in a research note on Thursday, November 27th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 79.25.

Get Our Latest Stock Analysis on Evoke

Evoke Trading Down 6.0%

The firm has a 50-day simple moving average of GBX 37.14 and a two-hundred day simple moving average of GBX 52.02. The company has a market capitalization of £102.35 million, a price-to-earnings ratio of -0.91 and a beta of 0.84.

About Evoke

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