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Evoke (LON:EVOK) Trading Up 2.3% - Here's Why

Evoke logo with Consumer Cyclical background
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Key Points

  • Price action: Evoke rose 2.3% on Friday to GBX 30.09 (intraday high GBX 30.95) while trading volume fell about 36% to ~1.45 million shares versus its 2.255 million average.
  • Analyst consensus: The stock has an average "Hold" rating with a consensus price target of GBX 34; Deutsche Bank cut its rating to Hold and trimmed its target from GBX 108 to GBX 35, and Berenberg set a GBX 33 target.
  • Financials and technicals: Market cap is £135.51 million with a negative P/E of -1.20, and the 50-day moving average (GBX 29.30) sits below the 200-day (GBX 31.81), implying short-term weakness versus the longer-term trend.
  • Five stocks we like better than Evoke.

Evoke plc (LON:EVOK - Get Free Report) rose 2.3% on Friday . The stock traded as high as GBX 30.95 and last traded at GBX 30.09. Approximately 1,448,489 shares were traded during trading, a decline of 36% from the average daily volume of 2,255,055 shares. The stock had previously closed at GBX 29.40.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EVOK. Deutsche Bank Aktiengesellschaft lowered Evoke to a "hold" rating and decreased their price target for the company from GBX 108 to GBX 35 in a research note on Friday, January 23rd. 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. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of GBX 34.

Check Out Our Latest Research Report on EVOK

Evoke Trading Up 2.3%

The company has a 50 day moving average price of GBX 29.30 and a 200-day moving average price of GBX 31.81. The company has a market cap of £135.51 million, a P/E ratio of -1.20 and a beta of 0.97.

Evoke Company Profile

(Get Free Report)

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