Evoke (LON:EVOK) Trading Down 9.6% – Should You Sell?

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

Analyst Ratings Changes

Several research firms have commented on EVOK. JPMorgan Chase & Co. dropped their price objective on shares of Evoke from GBX 82 to GBX 66 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft increased their price target on Evoke from GBX 88 to GBX 108 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Finally, Berenberg Bank downgraded Evoke to a “hold” rating and reduced their price objective for the stock from GBX 95 to GBX 35 in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Evoke has a consensus rating of “Moderate Buy” and a consensus target price of GBX 87.25.

Evoke Stock Down 9.6%

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

About Evoke