Evoke (LON:EVOK) Shares Up 0.9% – Still a Buy?

Shares of Evoke plc (LON:EVOK) rose 0.9% during mid-day trading on Thursday . The company traded as high as GBX 60.10 ($0.82) and last traded at GBX 58.52 ($0.79). Approximately 711,944 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 2,054,012 shares. The stock had previously closed at GBX 58 ($0.79).

Analysts Set New Price Targets

EVOK has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on shares of Evoke from GBX 80 to GBX 82 and gave the company a “neutral” rating in a report on Thursday, August 14th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 95 target price on shares of Evoke in a report on Thursday, August 21st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Evoke from GBX 88 to GBX 108 and gave the company a “buy” rating in a report on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 106.25.

Evoke Trading Up 0.9%

The firm has a market cap of £263.14 million, a price-to-earnings ratio of -233.13 and a beta of 0.84. The stock’s 50 day moving average is GBX 63.19 and its 200 day moving average is GBX 58.53.

Evoke (LON:EVOK) last announced its quarterly earnings results on Wednesday, August 13th. The company reported GBX 1.20 EPS for the quarter. Evoke had a negative net margin of 8.50% and a negative return on equity of 517.98%. On average, equities research analysts predict that Evoke plc will post 12.7648305 EPS for the current year.

About Evoke