Evoke (LON:EVOK) Trading Down 18.3% – Here’s Why

Evoke plc (LON:EVOK) fell 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.

Wall Street Analyst Weigh In

Several analysts recently commented on EVOK shares. Berenberg Bank restated a “buy” rating and set a GBX 95 price target on shares of Evoke in a report on Thursday, August 21st. JPMorgan Chase & Co. cut their target price on shares of 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 lifted their target price on shares of Evoke from GBX 88 to GBX 108 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 102.25.

Evoke Trading Down 18.3%

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

Evoke Company Profile