Evoke (LON:EVOK) Trading Up 14.2% – Still a Buy?

Evoke plc (LON:EVOK)’s stock price was up 14.2% during mid-day trading on Wednesday . The company 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 brokerages have recently weighed in on EVOK. 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. 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, Berenberg Bank cut shares of Evoke to a “hold” rating and lowered their target price for the company from GBX 95 to GBX 35 in a research note on Thursday, November 27th. Two 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 presently has a consensus rating of “Moderate Buy” and an average price target of GBX 79.25.

Evoke Trading Up 14.2%

The stock has a 50 day simple moving average of GBX 37.68 and a 200-day simple moving average of GBX 52.21. The firm has a market cap of £112.24 million, a PE ratio of -0.99 and a beta of 0.84.

Evoke Company Profile