Evoke (LON:EVOK) Stock Price Down 9.6% – What’s Next?

Evoke plc (LON:EVOK) shares dropped 9.6% on Saturday . The company traded as low as GBX 26.10 and last traded at GBX 26.50. Approximately 8,449,295 shares traded hands during trading, an increase of 230% from the average daily volume of 2,564,155 shares. The stock had previously closed at GBX 29.30.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on EVOK shares. Berenberg Bank lowered Evoke to a “hold” rating and reduced their price target for the company from GBX 95 to GBX 35 in a report on Thursday. 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. reduced 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. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Evoke currently has an average rating of “Moderate Buy” and a consensus price target of GBX 87.25.

Evoke Trading Down 9.6%

The stock has a fifty day simple moving average of GBX 42.33 and a 200-day simple moving average of GBX 53.93. The stock has a market cap of £119.17 million, a price-to-earnings ratio of -1.06 and a beta of 0.84.

Evoke Company Profile