Evoke (LON:EVOK) Shares Down 18.3% – Time to Sell?

Evoke plc (LON:EVOK)’s stock price was down 18.3% on Wednesday . The stock traded as low as GBX 28.95 and last traded at GBX 30.55. Approximately 13,659,472 shares changed hands 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 Analysts Forecast Growth

A number of equities analysts have commented on EVOK shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Evoke from GBX 88 to GBX 108 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. reduced their target price on shares of Evoke from GBX 82 to GBX 66 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 95 price target on shares of Evoke in a 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 102.25.

Evoke Trading Down 18.3%

The firm has a market capitalization of £137.38 million, a P/E ratio of -1.22 and a beta of 0.84. The stock has a 50-day simple moving average of GBX 43.39 and a two-hundred day simple moving average of GBX 54.29.

Evoke Company Profile