Evoke (LON:EVOK) Shares Up 7.8% - Time to Buy?

Key Points

• Shares jumped 7.8% to GBX 36.07 on Thursday, though trading volume was 288,546 shares—about 87% below the average session volume.
• Analysts collectively rate Evoke as a “Hold” with a consensus price target of GBX 34; Deutsche Bank recently cut its target from GBX 108 to GBX 35 while Berenberg reiterated GBX 33.
• Evoke has a market capitalization of £162.41 million, a negative P/E of -1.44, and the stock is trading above both its 50-day (GBX 29.64) and 200-day (GBX 31.21) moving averages.

Shares of Evoke plc (LON:EVOK - Get Free Report) shot up 7.8% during trading on Thursday . The company traded as high as GBX 36.07 and last traded at GBX 36.07. 288,546 shares changed 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.

Analysts Set New Price Targets

A number of brokerages have commented on EVOK. Berenberg Bank reiterated a "hold" rating and issued a GBX 33 price target on shares of Evoke in a research note on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft cut Evoke to a "hold" rating and cut their price objective for the company from GBX 108 to GBX 35 in a research report on Friday, January 23rd. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of GBX 34.

Evoke Price Performance

The company has a market capitalization of £162.41 million, a price-to-earnings ratio of -1.44 and a beta of 0.97. The stock has a 50-day moving average price of GBX 29.64 and a 200-day moving average price of GBX 31.21.

About Evoke

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