Evoke (LON:EVOK) Trading Down 18.3% – Should You Sell?

Shares of Evoke plc (LON:EVOK) traded down 18.3% on Wednesday . The company traded as low as GBX 28.95 and last traded at GBX 30.55. 13,659,472 shares traded hands during trading, an increase of 441% from the average session volume of 2,525,340 shares. The stock had previously closed at GBX 37.40.

Analyst Ratings Changes

A number of brokerages have issued reports on EVOK. Berenberg Bank reiterated a “buy” rating and set a GBX 95 price objective on shares of Evoke in a research note on Thursday, August 21st. Deutsche Bank Aktiengesellschaft raised their price target on 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. dropped their price target on shares of Evoke from GBX 82 to GBX 66 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Evoke currently has a consensus rating of “Moderate Buy” and an average target price of GBX 102.25.

Evoke Price Performance

The stock has a market cap of £137.38 million, a PE ratio of -1.22 and a beta of 0.84. The company has a 50 day moving average price of GBX 43.39 and a two-hundred day moving average price of GBX 54.29.

About Evoke