Evoke (LON:EVOK) Trading Up 13.7% – Time to Buy?

Evoke plc (LON:EVOK) shares rose 13.7% on Wednesday . The company traded as high as GBX 24.90 and last traded at GBX 24.85. Approximately 8,880,021 shares were traded during trading, an increase of 231% from the average daily volume of 2,680,168 shares. The stock had previously closed at GBX 21.85.

Analyst Upgrades and Downgrades

EVOK has been the subject of several analyst reports. Berenberg Bank downgraded Evoke to a “hold” rating and reduced their price objective for the stock from GBX 95 to GBX 35 in a research report on Thursday, November 27th. JPMorgan Chase & Co. decreased 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. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Evoke from GBX 88 to GBX 108 and gave the company a “buy” rating in a report on Wednesday, August 13th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 79.25.

Evoke Stock Up 14.2%

The stock has a market cap of £112.24 million, a price-to-earnings ratio of -0.99 and a beta of 0.84. The company’s 50-day simple moving average is GBX 38.19 and its 200-day simple moving average is GBX 52.41.

Evoke Company Profile