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

Evoke plc (LON:EVOK) shares were up 14.2% during trading on Wednesday . The stock traded as high as GBX 25 and last traded at GBX 24.95. Approximately 8,166,814 shares changed hands 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 issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Evoke from GBX 88 to GBX 108 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Berenberg Bank cut Evoke to a “hold” rating and cut their target price for the stock from GBX 95 to GBX 35 in a report on Thursday, November 27th. Finally, JPMorgan Chase & Co. cut their price target on Evoke from GBX 66 to GBX 34 and set a “neutral” rating for the company in a research note on Tuesday, December 2nd. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 79.25.

Evoke Stock Performance

The stock has a market cap of £112.24 million, a P/E ratio of -0.99 and a beta of 0.84. The business has a 50 day simple moving average of GBX 38.19 and a 200-day simple moving average of GBX 52.41.

Evoke Company Profile