Evoke (LON:EVOK) Trading 14.2% Higher – What’s Next?

Evoke plc (LON:EVOK) shares rose 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 traded 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.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price objective 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. reduced their price objective 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 downgraded shares of Evoke to a “hold” rating and decreased their target price for the company from GBX 95 to GBX 35 in a research report 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 79.25.

Evoke Stock Down 2.9%

The business has a 50-day simple moving average of GBX 37.68 and a 200-day simple moving average of GBX 52.21. The company has a market cap of £109.00 million, a PE ratio of -0.97 and a beta of 0.84.

About Evoke