Evoke (LON:EVOK) Trading Down 18.3% – Time to Sell?

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

Analysts Set New Price Targets

A number of research firms have weighed in on EVOK. Deutsche Bank Aktiengesellschaft raised 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. Berenberg Bank reaffirmed 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. cut their price target on 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. Based on data from MarketBeat, Evoke has an average rating of “Moderate Buy” and a consensus target price of GBX 102.25.

Check Out Our Latest Research Report on EVOK

Evoke Stock Performance

The stock has a market cap of £127.40 million, a PE ratio of -1.13 and a beta of 0.84. The business has a 50 day moving average price of GBX 43.39 and a two-hundred day moving average price of GBX 54.29.

About Evoke

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