Evoke (LON:EVOK) Shares Up 16.3% – Should You Buy?

Evoke plc (LON:EVOKGet Free Report)’s share price shot up 16.3% on Thursday . The stock traded as high as GBX 31.35 and last traded at GBX 30.65. 8,538,677 shares were traded during mid-day trading, an increase of 320% from the average session volume of 2,031,859 shares. The stock had previously closed at GBX 26.35.

Wall Street Analyst Weigh In

EVOK has been the topic of several research reports. Berenberg Bank reissued a “hold” rating and set a GBX 33 target price on shares of Evoke in a research note on Tuesday. JPMorgan Chase & Co. dropped their price objective on Evoke from GBX 66 to GBX 34 and set a “neutral” rating on the stock in a report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 58.33.

Check Out Our Latest Research Report on Evoke

Evoke Price Performance

The business’s 50-day simple moving average is GBX 25.49 and its 200-day simple moving average is GBX 44.87. The company has a market cap of £137.87 million, a price-to-earnings ratio of -1.22 and a beta of 0.84.

About Evoke

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