Evoke (LON:EVOK) Stock Price Down 18.3% – Should You Sell?

Evoke plc (LON:EVOK)’s stock price traded down 18.3% on Wednesday . The stock traded as low as GBX 28.95 and last traded at GBX 30.55. 13,659,472 shares changed hands during trading, an increase of 441% from the average session volume of 2,525,340 shares. The stock had previously closed at GBX 37.40.

Wall Street Analyst Weigh In

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

Evoke Stock Performance

The stock’s fifty day simple moving average is GBX 43.89 and its 200-day simple moving average is GBX 54.45. The stock has a market cap of £137.38 million, a P/E ratio of -1.22 and a beta of 0.84.

Evoke Company Profile