Evoke (LON:EVOK) Shares Up 10% - Here's Why

Key Points

• Shares jumped about 10% intraday to a high of GBX 29.25 (last GBX 28.98) on Thursday, with trading volume ~4.39 million shares—roughly 150% above the average.
• Analyst sentiment is cautious: JPMorgan cut its price target from GBX 66 to GBX 34 and rated the stock "neutral," Berenberg reaffirmed "hold" at GBX 33, and the consensus rating is "Hold" with an average target of GBX 58.33.
• Evoke's market cap is £134.96 million and it has a negative P/E (-1.20); the 50-day moving average (GBX 25.49) remains well below the 200-day (GBX 44.87), reflecting recent weakness versus the longer-term trend.

Evoke plc (LON:EVOK - Get Free Report) rose 10% during trading on Thursday . The stock traded as high as GBX 29.25 and last traded at GBX 28.98. Approximately 4,394,244 shares changed hands during trading, an increase of 150% from the average daily volume of 1,755,563 shares. The stock had previously closed at GBX 26.35.

Wall Street Analysts Forecast Growth

EVOK has been the topic of a number of research reports. JPMorgan Chase & Co. cut their price objective on shares of Evoke from GBX 66 to GBX 34 and set a "neutral" rating on the stock in a research note on Tuesday, December 2nd. Berenberg Bank reaffirmed a "hold" rating and set a GBX 33 price target on shares of Evoke in a research report on Tuesday. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of GBX 58.33.

Evoke Stock Up 13.9%

The company's 50-day moving average is GBX 25.49 and its 200 day moving average is GBX 44.87. The company has a market cap of £134.96 million, a price-to-earnings ratio of -1.20 and a beta of 0.84.

Evoke Company Profile

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.