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

Evoke plc (LON:EVOK)’s stock price dropped 18.3% during mid-day trading on Wednesday . The company traded as low as GBX 28.95 and last traded at GBX 30.55. Approximately 13,609,472 shares were traded during mid-day trading, an increase of 439% from the average daily volume of 2,525,122 shares. The stock had previously closed at GBX 37.40.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EVOK. Berenberg Bank reaffirmed a “buy” rating and set a GBX 95 target price on shares of Evoke in a research note on Thursday, August 21st. 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 research note on Wednesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Evoke from GBX 88 to GBX 108 and gave the company 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 102.25.

Evoke Stock Down 18.3%

The company has a market capitalization of £137.38 million, a P/E ratio of -1.22 and a beta of 0.84. The business’s 50-day moving average is GBX 43.89 and its two-hundred day moving average is GBX 54.45.

Evoke Company Profile