Evoke (LON:EVOK) Shares Down 18.3% – Here’s What Happened

Evoke plc (LON:EVOK)’s stock price traded down 18.3% during mid-day trading on Wednesday . The stock traded as low as GBX 28.95 and last traded at GBX 30.55. 13,659,472 shares were traded 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 Analysts Forecast Growth

A number of research analysts have recently commented on the company. Berenberg Bank restated a “buy” rating and issued a GBX 95 target price on shares of Evoke in a research note on Thursday, August 21st. Deutsche Bank Aktiengesellschaft increased their price objective on Evoke from GBX 88 to GBX 108 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Evoke from GBX 82 to GBX 66 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Evoke currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 102.25.

Evoke Stock Down 18.3%

The company has a fifty day simple moving average of GBX 43.39 and a 200 day simple moving average of GBX 54.29. The firm has a market capitalization of £137.38 million, a P/E ratio of -1.22 and a beta of 0.84.

About Evoke