Evoke (LON:EVOK) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Key Points

• JPMorgan Chase & Co. has raised its price target for Evoke (LON:EVOK) from GBX 80 ($1.09) to GBX 82 ($1.11), indicating a potential upside of 33.77% from the current price.
• Berenberg Bank has reiterated a "buy" rating for Evoke with a price objective of GBX 95 ($1.29).
• Evoke's stock fell 3.5% to GBX 61.30 ($0.83) during trading, with a twelve-month high of GBX 77.80 ($1.06) and a low of GBX 36.70 ($0.50).

Evoke (LON:EVOK - Get Free Report) had its price target lifted by research analysts at JPMorgan Chase & Co. from GBX 80 ($1.09) to GBX 82 ($1.11) in a report issued on Thursday,Digital Look reports. The firm presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 33.77% from the company's previous close.

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 95 ($1.29) price objective on shares of Evoke in a report on Wednesday.

Evoke Stock Down 3.5%

LON:EVOK traded down GBX 2.20 ($0.03) during trading hours on Thursday, reaching GBX 61.30 ($0.83). The company had a trading volume of 1,675,152 shares, compared to its average volume of 2,074,627. The firm has a market cap of £273.39 million, a price-to-earnings ratio of -1.53 and a beta of 0.84. The business's 50-day simple moving average is GBX 63.07 and its two-hundred day simple moving average is GBX 60.34. Evoke has a twelve month low of GBX 36.70 ($0.50) and a twelve month high of GBX 77.80 ($1.06).

Evoke (LON:EVOK - Get Free Report) last posted 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%. As a group, equities analysts predict that Evoke will post 12.7648305 earnings per share for the current year.

Insider Activity

In other Evoke news, insider Sean Wilkins purchased 31,659 shares of the stock in a transaction dated Friday, May 23rd. The shares were bought at an average price of GBX 54 ($0.73) per share, with a total value of £17,095.86 ($23,215.45). Also, insider Per Widerström acquired 68,958 shares of Evoke stock in a transaction that occurred on Friday, May 23rd. The shares were purchased at an average cost of GBX 54 ($0.73) per share, with a total value of £37,237.32 ($50,566.70). Insiders own 27.00% of the company's stock.

About Evoke

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.