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

Evoke plc (LON:EVOK)’s share price fell 18.3% during mid-day trading on Thursday . The company traded as low as GBX 28.95 and last traded at GBX 30.55. 13,659,472 shares changed 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.

Analyst Ratings Changes

EVOK has been the subject of a number of research reports. 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. JPMorgan Chase & Co. dropped their price target on shares of Evoke from GBX 82 to GBX 66 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective 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 company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 102.25.

Evoke Price Performance

The firm’s 50 day moving average is GBX 43.39 and its 200 day moving average is GBX 54.29. The company has a market cap of £128.54 million, a PE ratio of -1.14 and a beta of 0.84.

About Evoke