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

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

Analyst Ratings Changes

EVOK has been the topic of a number of recent research reports. Berenberg Bank lowered shares of Evoke to a “hold” rating and dropped their price objective for the company from GBX 95 to GBX 35 in a research note on Thursday. Deutsche Bank Aktiengesellschaft upped their target price on shares of Evoke from GBX 88 to GBX 108 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. cut their price target on Evoke from GBX 82 to GBX 66 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 87.25.

Evoke Trading Down 9.6%

The firm has a market capitalization of £119.17 million, a P/E ratio of -1.06 and a beta of 0.84. The stock’s 50-day simple moving average is GBX 42.33 and its 200-day simple moving average is GBX 53.93.

About Evoke