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

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

Analysts Set New Price Targets

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

Evoke Stock Performance

The company’s fifty day moving average price is GBX 43.39 and its two-hundred day moving average price is GBX 54.29. The firm has a market capitalization of £128.54 million, a PE ratio of -1.14 and a beta of 0.84.

About Evoke