Evoke (LON:EVOK) Shares Down 9.6% – Should You Sell?

Evoke plc (LON:EVOK)’s share price traded down 9.6% during mid-day trading on Saturday . The company traded as low as GBX 26.10 and last traded at GBX 26.50. 8,449,295 shares were traded during trading, an increase of 230% from the average session volume of 2,564,155 shares. The stock had previously closed at GBX 29.30.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Evoke from GBX 82 to GBX 66 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft increased their price target 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. Finally, Berenberg Bank cut Evoke to a “hold” rating and cut their target price for the stock from GBX 95 to GBX 35 in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 87.25.

Evoke Price Performance

The business’s 50-day simple moving average is GBX 42.33 and its two-hundred day simple moving average is GBX 53.94. The stock has a market cap of £119.17 million, a price-to-earnings ratio of -1.06 and a beta of 0.84.

About Evoke