Evoke (LON:EVOK) Shares Down 17.1% – Time to Sell?

Shares of Evoke plc (LON:EVOK) dropped 17.1% during mid-day trading on Wednesday . The company traded as low as GBX 28.95 and last traded at GBX 31. Approximately 11,443,271 shares traded hands during mid-day trading, an increase of 355% from the average daily volume of 2,515,704 shares. The stock had previously closed at GBX 37.40.

Analyst Ratings Changes

Several equities analysts have recently issued reports on EVOK shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Evoke from GBX 88 to GBX 108 and gave the company a “buy” rating in a research note on Wednesday, August 13th. JPMorgan Chase & Co. dropped their price objective 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. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 95 price objective on shares of Evoke in a research report on Thursday, August 21st. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 102.25.

Evoke Trading Down 18.4%

The company’s 50 day moving average is GBX 43.89 and its 200 day moving average is GBX 54.45. The stock has a market capitalization of £137.16 million, a price-to-earnings ratio of -1.22 and a beta of 0.84.

Evoke Company Profile