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888 Holdings ( (GB:EVOK) ) has issued an update.
Evoke plc has announced a strategic review to explore various options to maximize shareholder value, including a potential sale of the group or its assets. The company has appointed Morgan Stanley & Co. International plc and Rothschild & Co as joint financial advisers for this review. While there is no certainty of any transaction occurring, this move could significantly impact Evoke’s operations and market positioning.
The most recent analyst rating on (GB:EVOK) stock is a Hold with a £23.00 price target. To see the full list of analyst forecasts on 888 Holdings stock, see the GB:EVOK Stock Forecast page.
Spark’s Take on GB:EVOK Stock
According to Spark, TipRanks’ AI Analyst, GB:EVOK is a Neutral.
The overall stock score is primarily impacted by financial performance challenges, including negative equity and high leverage. Technical analysis indicates bearish momentum, while valuation metrics are unattractive with a negative P/E ratio. Positive earnings call sentiment and improvements in profitability provide some optimism, but significant risks remain.
To see Spark’s full report on GB:EVOK stock, click here.
More about 888 Holdings
Evoke plc is a leading global betting and gaming company, owning renowned brands such as William Hill, 888, and Mr Green. The company is incorporated in Gibraltar, headquartered and listed in London, and operates from offices worldwide. Evoke’s vision is to make life more interesting by providing world-class betting and gaming experiences.
Average Trading Volume: 2,319,837
Technical Sentiment Signal: Sell
Current Market Cap: £93.95M
For detailed information about EVOK stock, go to TipRanks’ Stock Analysis page.