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

Evoke plc (LON:EVOK)’s stock price was down 18.3% on Wednesday . The company traded as low as GBX 28.95 and last traded at GBX 30.55. Approximately 13,659,472 shares changed 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.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft boosted 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 restated a “buy” rating and issued a GBX 95 price target on shares of Evoke in a research report on Thursday, August 21st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Evoke from GBX 82 to GBX 66 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 102.25.

Evoke Price Performance

The firm’s fifty day moving average is GBX 43.39 and its 200 day moving average is GBX 54.29. The firm has a market capitalization of £137.38 million, a price-to-earnings ratio of -1.22 and a beta of 0.84.

About Evoke