Evoke (LON:EVOK) Trading Down 9.6% – What’s Next?

Evoke plc (LON:EVOK)’s share price was down 9.6% during trading on Friday . The company traded as low as GBX 26.10 and last traded at GBX 26.50. Approximately 8,449,295 shares were traded 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.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their price target on Evoke from GBX 88 to GBX 108 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Berenberg Bank reissued a “buy” rating and issued a GBX 95 target price on shares of Evoke in a research report on Thursday, August 21st. Finally, JPMorgan Chase & Co. lowered their target price 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. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Evoke has an average rating of “Moderate Buy” and a consensus price target of GBX 102.25.

Evoke Stock Performance

The stock has a market capitalization of £119.17 million, a P/E ratio of -1.06 and a beta of 0.84. The firm has a fifty day moving average price of GBX 42.88 and a two-hundred day moving average price of GBX 54.11.

About Evoke