Evoke (LON:EVOK) Trading Down 18.3% – What’s Next?

Evoke plc (LON:EVOK) shares traded down 18.3% 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 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

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their target price on Evoke from GBX 88 to GBX 108 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. JPMorgan Chase & Co. reduced 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. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 95 target price on shares of Evoke in a research report on Thursday, August 21st. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Evoke presently has an average rating of “Moderate Buy” and a consensus price target of GBX 102.25.

Evoke Stock Performance

The stock has a market cap of £128.54 million, a price-to-earnings ratio of -1.14 and a beta of 0.84. The business’s 50 day moving average is GBX 43.39 and its 200-day moving average is GBX 54.29.

About Evoke