Evoke (LON:EVOK) Trading Down 9.6% – Should You Sell?

Shares of Evoke plc (LON:EVOK) were down 9.6% on Saturday . The company traded as low as GBX 26.10 and last traded at GBX 26.50. Approximately 8,449,295 shares traded hands during mid-day trading, an increase of 230% from the average daily volume of 2,564,155 shares. The stock had previously closed at GBX 29.30.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price target on Evoke from GBX 88 to GBX 108 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Berenberg Bank lowered shares of Evoke to a “hold” rating and cut their target price for the company from GBX 95 to GBX 35 in a research report on Thursday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Evoke from GBX 82 to GBX 66 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 87.25.

Evoke Trading Down 9.6%

The company has a market cap of £119.17 million, a P/E ratio of -1.06 and a beta of 0.84. The business’s 50 day simple moving average is GBX 42.33 and its 200 day simple moving average is GBX 53.93.

About Evoke