Evoke (LON:EVOK) Stock Price Down 18.3% – Should You Sell?

Evoke plc (LON:EVOK) shares dropped 18.3% on Thursday . The company traded as low as GBX 28.95 and last traded at GBX 30.55. Approximately 13,659,472 shares traded hands during mid-day trading, an increase of 441% from the average daily volume of 2,525,340 shares. The stock had previously closed at GBX 37.40.

Analyst Ratings Changes

Several equities analysts recently issued reports on EVOK shares. Deutsche Bank Aktiengesellschaft lifted 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. Berenberg Bank reiterated a “buy” rating and set a GBX 95 price objective on shares of Evoke in a research report on Thursday, August 21st. Finally, JPMorgan Chase & Co. cut their target price on shares of Evoke from GBX 82 to GBX 66 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Evoke presently has an average rating of “Moderate Buy” and a consensus price target of GBX 102.25.

Evoke Stock Down 6.4%

The company has a 50 day moving average of GBX 43.39 and a 200 day moving average of GBX 54.29. The stock has a market capitalization of £128.54 million, a price-to-earnings ratio of -1.14 and a beta of 0.84.

About Evoke