Evoke (LON:EVOK) Shares Up 7.8% – Still a Buy?

Evoke plc (LON:EVOK) shares traded up 7.8% during mid-day trading on Thursday . The stock traded as high as GBX 36.07 and last traded at GBX 36.07. 288,546 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 2,189,539 shares. The stock had previously closed at GBX 33.45.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft cut shares of Evoke to a “hold” rating and dropped their price objective for the company from GBX 108 to GBX 35 in a research note on Friday, January 23rd. Berenberg Bank reissued a “hold” rating and issued a GBX 33 price objective on shares of Evoke in a research note on Tuesday, January 20th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 34.

Evoke Trading Up 9.1%

The company has a market capitalization of £174.96 million, a price-to-earnings ratio of -1.55 and a beta of 0.97. The firm’s 50 day simple moving average is GBX 30.08 and its 200-day simple moving average is GBX 31.14.

About Evoke