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

Evoke plc (LON:EVOK)’s stock price dropped 18.3% during trading on Thursday . The company traded as low as GBX 28.95 and last traded at GBX 30.55. Approximately 13,659,472 shares traded hands during mid-day trading, an increase of 441% from the average daily volume of 2,525,340 shares. The stock had previously closed at GBX 37.40.

Analyst Ratings Changes

Several equities analysts recently commented on EVOK shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 95 price objective on shares of Evoke in a research note on Thursday, August 21st. Deutsche Bank Aktiengesellschaft increased their price target on Evoke from GBX 88 to GBX 108 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Finally, JPMorgan Chase & Co. lowered their price objective on 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 102.25.

Evoke Stock Down 7.3%

The firm has a 50-day simple moving average of GBX 43.39 and a 200-day simple moving average of GBX 54.29. The stock has a market cap of £127.40 million, a PE ratio of -1.13 and a beta of 0.84.

About Evoke