Berenberg Bank Reiterates Buy Rating for Evoke (LON:EVOK)

Key Points

• Berenberg Bank has reiterated a "buy" rating for Evoke (LON:EVOK) with a price target of GBX 95 ($1.28), indicating a potential upside of 49.61% from its current trading price.
• JPMorgan Chase & Co. raised their price objective for Evoke from GBX 77 ($1.04) to GBX 80 ($1.08) and assigned a "neutral" rating.
• Insiders have recently acquired shares in Evoke, purchasing a combined total of 100,617 shares at an average cost of GBX 54 ($0.73) per share, reflecting confidence in the company's future."*

Evoke (LON:EVOK - Get Free Report)'s stock had its "buy" rating reissued by analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. They presently have a GBX 95 ($1.28) price objective on the stock. Berenberg Bank's target price would indicate a potential upside of 49.61% from the company's current price.

Separately, JPMorgan Chase & Co. upped their price objective on Evoke from GBX 77 ($1.04) to GBX 80 ($1.08) and gave the stock a "neutral" rating in a research report on Thursday, July 10th.

Evoke Stock Performance

Shares of LON:EVOK traded up GBX 1.20 ($0.02) on Wednesday, hitting GBX 63.50 ($0.86). 2,461,830 shares of the company's stock were exchanged, compared to its average volume of 2,077,188. The firm's 50-day moving average is GBX 62.88 and its 200 day moving average is GBX 60.32. The company has a market capitalization of £283.20 million, a PE ratio of -1.59 and a beta of 0.84. Evoke has a 1-year low of GBX 36.70 ($0.50) and a 1-year high of GBX 77.80 ($1.05).

Evoke (LON:EVOK - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The company reported GBX 1.20 ($0.02) earnings per share (EPS) for the quarter. Evoke had a negative return on equity of 517.98% and a negative net margin of 8.50%. On average, analysts anticipate that Evoke will post 12.7648305 EPS for the current fiscal year.

Insider Activity

In related news, insider Per Widerström acquired 68,958 shares of Evoke stock in a transaction on Friday, May 23rd. The stock was purchased at an average cost of GBX 54 ($0.73) per share, with a total value of £37,237.32 ($50,273.15). Also, insider Sean Wilkins acquired 31,659 shares of Evoke stock in a transaction on Friday, May 23rd. The shares were bought at an average cost of GBX 54 ($0.73) per share, with a total value of £17,095.86 ($23,080.68). 27.00% of the stock is currently owned by insiders.

Evoke Company Profile

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