Evoke (LON:EVOK) Shares Down 16.8% – Should You Sell?

Shares of Evoke plc (LON:EVOK) dropped 16.8% during mid-day trading on Wednesday . The stock traded as low as GBX 28.95 and last traded at GBX 31.10. Approximately 16,631,539 shares changed hands during trading, an increase of 555% from the average daily volume of 2,538,262 shares. The stock had previously closed at GBX 37.40.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their price target 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. Berenberg Bank reissued a “buy” rating and set a GBX 95 target price on shares of Evoke in a report on Thursday, August 21st. Finally, JPMorgan Chase & Co. reduced 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. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Evoke currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 102.25.

Evoke Stock Performance

The business has a 50 day simple moving average of GBX 43.89 and a 200-day simple moving average of GBX 54.45. The stock has a market capitalization of £137.38 million, a P/E ratio of -1.22 and a beta of 0.84.

About Evoke