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

Shares of Evoke plc (LON:EVOK) were down 9.6% during trading on Saturday . The stock 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.

Analyst Ratings Changes

Several analysts recently commented on the company. JPMorgan Chase & Co. dropped their target price on Evoke from GBX 82 to GBX 66 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Berenberg Bank lowered shares of Evoke to a “hold” rating and dropped their target price for the stock from GBX 95 to GBX 35 in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Evoke from GBX 88 to GBX 108 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 87.25.

Evoke Trading Down 9.6%

The firm has a market capitalization of £119.17 million, a price-to-earnings ratio of -1.06 and a beta of 0.84. The business’s fifty day moving average price is GBX 42.33 and its 200 day moving average price is GBX 53.93.

About Evoke