Evoke (LON:EVOK) Price Target Raised to GBX 108

Key Points

• Deutsche Bank has raised its price target for Evoke (LON:EVOK) from GBX 88 to GBX 108, indicating a potential upside of 76.18% from the current price, while maintaining a "buy" rating.
• Evoke's stock recently decreased by 3.5%, trading at GBX 61.30, with a market capitalization of £273.39 million and a P/E ratio of -1.53.
• Insiders have been acquiring shares, with Sean Wilkins and Per Widerström purchasing a total of 100,617 shares at an average cost of GBX 54 per share.

Evoke (LON:EVOK - Get Free Report) had its price target hoisted by research analysts at Deutsche Bank Aktiengesellschaft from GBX 88 ($1.19) to GBX 108 ($1.46) in a research note issued on Wednesday,Digital Look reports. The brokerage presently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective would suggest a potential upside of 76.18% from the company's current price.

A number of other brokerages have also weighed in on EVOK. JPMorgan Chase & Co. raised their price objective on shares of Evoke from GBX 80 ($1.08) to GBX 82 ($1.11) and gave the company a "neutral" rating in a report on Thursday. Berenberg Bank restated a "buy" rating and issued a GBX 95 ($1.29) price objective on shares of Evoke in a report on Wednesday.

Evoke Stock Down 3.5%

EVOK stock traded down GBX 2.20 ($0.03) during midday trading on Wednesday, hitting GBX 61.30 ($0.83). The company's stock had a trading volume of 1,675,152 shares, compared to its average volume of 2,074,627. Evoke has a 52-week low of GBX 36.70 ($0.50) and a 52-week high of GBX 77.80 ($1.05). The firm has a market capitalization of £273.39 million, a P/E ratio of -1.53 and a beta of 0.84. The firm has a 50-day simple moving average of GBX 63.19 and a 200-day simple moving average of GBX 60.30.

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

Insiders Place Their Bets

In other Evoke news, insider Sean Wilkins acquired 31,659 shares of the 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 ($23,130.65). Also, insider Per Widerström acquired 68,958 shares of the stock in a transaction on Friday, May 23rd. The shares were acquired at an average cost of GBX 54 ($0.73) per share, for a total transaction of £37,237.32 ($50,381.98). 27.00% of the stock is currently owned by company insiders.

Evoke Company Profile

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