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

Shares of Evoke plc (LON:EVOK) traded down 18.3% on Wednesday . The stock traded as low as GBX 28.95 and last traded at GBX 30.55. Approximately 13,609,472 shares changed hands during trading, an increase of 439% from the average daily volume of 2,525,122 shares. The stock had previously closed at GBX 37.40.

Analysts Set New Price Targets

Several research firms have issued reports on EVOK. JPMorgan Chase & Co. decreased their price objective 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. Deutsche Bank Aktiengesellschaft upped 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. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 95 price objective on shares of Evoke in a report on Thursday, August 21st. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Evoke currently has a consensus rating of “Moderate Buy” and an average target price of GBX 102.25.

Evoke Stock Down 18.3%

The firm has a market cap of £137.38 million, a PE ratio of -1.22 and a beta of 0.84. The business has a 50-day moving average price of GBX 43.89 and a two-hundred day moving average price of GBX 54.45.

Evoke Company Profile