Evoke (LON:EVOK) Trading Up 0.4% - Should You Buy?

Key Points

• Evoke plc shares experienced a modest increase of 0.4%, trading at GBX 51.10 with a significant drop in volume, down 73% from the average.
• Research analysts are optimistic about Evoke, with multiple firms issuing "buy" ratings and price targets significantly above the current trading price, indicating potential for growth.
• The company reported a negative return on equity of 517.98% and a negative net margin of 8.50%, suggesting financial challenges despite the optimistic market outlook.

Shares of Evoke plc (LON:EVOK - Get Free Report) shot up 0.4% on Friday . The stock traded as high as GBX 51.50 ($0.69) and last traded at GBX 51.10 ($0.69). 527,800 shares changed hands during trading, a decline of 73% from the average session volume of 1,951,333 shares. The stock had previously closed at GBX 50.90 ($0.69).

Wall Street Analysts Forecast Growth

EVOK has been the subject of a number of research analyst reports. Berenberg Bank reiterated a "buy" rating and issued a GBX 95 price target on shares of Evoke in a research note on Thursday, August 21st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Evoke from GBX 88 to GBX 108 and gave the company a "buy" rating in a report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Evoke in a research note on Friday. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of GBX 106.25.

Evoke Stock Up 0.4%

The stock has a market capitalization of £229.79 million, a PE ratio of -203.59 and a beta of 0.84. The firm has a 50 day moving average price of GBX 59.57 and a 200-day moving average price of GBX 56.98.

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

Evoke Company Profile

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