Evoke (LON:EVOK) Shares Up 14.2% – Should You Buy?

Evoke plc (LON:EVOK) shares shot up 14.2% during mid-day trading on Wednesday . The stock traded as high as GBX 25 and last traded at GBX 24.95. 8,166,814 shares traded hands during trading, an increase of 205% from the average session volume of 2,677,196 shares. The stock had previously closed at GBX 21.85.

Wall Street Analysts Forecast Growth

EVOK has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Evoke from GBX 88 to GBX 108 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. cut their price target on shares of Evoke from GBX 66 to GBX 34 and set a “neutral” rating for the company in a report on Tuesday, December 2nd. Finally, Berenberg Bank downgraded shares of Evoke to a “hold” rating and lowered their price objective for the company from GBX 95 to GBX 35 in a research report on Thursday, November 27th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock 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 market cap of £112.24 million, a price-to-earnings ratio of -0.99 and a beta of 0.84. The stock’s 50-day moving average price is GBX 38.19 and its 200-day moving average price is GBX 52.41.

About Evoke