Evoke (LON:EVOK) Stock Price Up 9.6% – Still a Buy?

Evoke plc (LON:EVOK)’s share price shot up 9.6% during trading on Friday . The company traded as high as GBX 30.45 and last traded at GBX 29.75. 560,073 shares were traded during mid-day trading, a decline of 73% from the average session volume of 2,091,164 shares. The stock had previously closed at GBX 27.15.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EVOK. Berenberg Bank reissued a “hold” rating and set a GBX 33 target price on shares of Evoke in a research note on Tuesday, January 20th. JPMorgan Chase & Co. decreased their target price on Evoke from GBX 66 to GBX 34 and set a “neutral” rating for the company in a research report on Tuesday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft downgraded Evoke to a “hold” rating and lowered their price target for the company from GBX 108 to GBX 35 in a report on Friday, January 23rd. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 34.

Evoke Trading Up 9.8%

The firm’s fifty day moving average price is GBX 27.26 and its 200 day moving average price is GBX 34.22. The firm has a market capitalization of £134.06 million, a PE ratio of -1.19 and a beta of 1.28.

About Evoke