Evoke (LON:EVOK) Trading Down 18.3% – What’s Next?

Evoke plc (LON:EVOK) shares were down 18.3% during trading on Wednesday . The company traded as low as GBX 28.95 and last traded at GBX 30.55. Approximately 13,659,472 shares were traded 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

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

Evoke Stock Down 9.6%

The stock has a market capitalization of £119.17 million, a P/E ratio of -1.06 and a beta of 0.84. The stock has a 50 day simple moving average of GBX 42.33 and a two-hundred day simple moving average of GBX 53.93.

About Evoke