Evoke (LON:EVOK) Stock Price Down 18.4% – Here’s What Happened

Shares of Evoke plc (LON:EVOKGet Free Report) traded down 18.4% during trading on Wednesday . The stock traded as low as GBX 28.95 and last traded at GBX 30.50. 13,062,590 shares traded hands during mid-day trading, an increase of 418% from the average session volume of 2,522,745 shares. The stock had previously closed at GBX 37.40.

Wall Street Analyst Weigh In

Several research firms have issued reports on EVOK. JPMorgan Chase & Co. dropped their price objective on Evoke from GBX 82 to GBX 66 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 95 target price on shares of Evoke in a report on Thursday, August 21st. Finally, Deutsche Bank Aktiengesellschaft increased 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 research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 102.25.

Read Our Latest Analysis on EVOK

Evoke Stock Down 4.8%

The company has a market cap of £125.46 million, a P/E ratio of -1.11 and a beta of 0.84. The firm has a fifty day moving average price of GBX 42.88 and a 200 day moving average price of GBX 54.11.

Evoke Company Profile

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