Evoke (LON:EVOK) Shares Down 9.6% – Time to Sell?

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 95 target price on shares of Evoke in a report on Thursday, August 21st. JPMorgan Chase & Co. lowered their price target on Evoke from GBX 82 to GBX 66 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Evoke from GBX 88 to GBX 108 and gave the company a “buy” rating in a report on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 102.25.

Evoke Trading Down 9.6%

The firm has a market cap of £119.17 million, a PE ratio of -1.06 and a beta of 0.84. The firm has a 50 day moving average price of GBX 42.88 and a 200-day moving average price of GBX 54.11.

About Evoke