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

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 traded 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

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of Evoke from GBX 82 to GBX 66 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Evoke from GBX 88 to GBX 108 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 95 target price on shares of Evoke in a research note on Thursday, August 21st. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 102.25.

Evoke Price Performance

The company has a market capitalization of £137.38 million, a P/E ratio of -1.22 and a beta of 0.84. The firm’s 50-day moving average is GBX 43.39 and its 200-day moving average is GBX 54.29.

Evoke Company Profile