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

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EVOK. Berenberg Bank restated a “buy” rating and set a GBX 95 price objective on shares of Evoke in a research note on Thursday, August 21st. JPMorgan Chase & Co. lowered their target price 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. Finally, Deutsche Bank Aktiengesellschaft upped their price target 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 research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 102.25.

Evoke Stock Down 18.3%

The firm has a market capitalization of £137.38 million, a price-to-earnings ratio of -1.22 and a beta of 0.84. The firm’s 50 day moving average is GBX 43.89 and its 200 day moving average is GBX 54.45.

Evoke Company Profile