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

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Evoke from GBX 88 to GBX 108 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Berenberg Bank lowered Evoke to a “hold” rating and reduced their price target for the stock from GBX 95 to GBX 35 in a report on Thursday. Finally, JPMorgan Chase & Co. lowered their price target on shares of Evoke from GBX 82 to GBX 66 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Evoke currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 87.25.

Evoke Stock Down 9.6%

The firm has a 50-day moving average of GBX 42.88 and a two-hundred day moving average of GBX 54.11. The company has a market capitalization of £119.17 million, a PE ratio of -1.06 and a beta of 0.84.

About Evoke