Evoke (LON:EVOK) Shares Up 10% – Time to Buy?

Evoke plc (LON:EVOK)’s share price traded up 10% during mid-day trading on Thursday . The stock traded as high as GBX 29.25 and last traded at GBX 28.98. 4,394,244 shares changed hands during mid-day trading, an increase of 150% from the average session volume of 1,755,563 shares. The stock had previously closed at GBX 26.35.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Berenberg Bank reiterated a “hold” rating and set a GBX 33 price target on shares of Evoke in a report on Tuesday. JPMorgan Chase & Co. lowered their price objective on Evoke from GBX 66 to GBX 34 and set a “neutral” rating on the stock in a research report on Tuesday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered Evoke to a “hold” rating and reduced their target price for the stock from GBX 108 to GBX 35 in a report on Friday. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of GBX 34.

Evoke Price Performance

The stock’s 50-day moving average is GBX 25.24 and its two-hundred day moving average is GBX 44.51. The company has a market cap of £132.49 million, a P/E ratio of -1.17 and a beta of 0.84.

Evoke Company Profile