Evoke (LON:EVOK) Shares Down 18.3% – Here’s What Happened

Shares of Evoke plc (LON:EVOK) fell 18.3% during mid-day 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 have commented on EVOK shares. JPMorgan Chase & Co. reduced their target price on Evoke from GBX 82 to GBX 66 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Berenberg Bank restated a “buy” rating and issued a GBX 95 price objective on shares of Evoke in a report on Thursday, August 21st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Evoke from GBX 88 to GBX 108 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 102.25.

Evoke Stock Down 18.3%

The stock has a 50-day moving average of GBX 43.89 and a 200 day moving average of GBX 54.45. The stock has a market cap of £137.38 million, a PE ratio of -1.22 and a beta of 0.84.

About Evoke