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

Shares of Evoke plc (LON:EVOK) fell 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 mid-day trading, an increase of 441% from the average session volume of 2,525,340 shares. The stock had previously closed at GBX 37.40.

Analyst Ratings Changes

EVOK has been the subject of several research reports. Deutsche Bank Aktiengesellschaft increased their target price on Evoke from GBX 88 to GBX 108 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 95 target price on shares of Evoke in a research note on Thursday, August 21st. Finally, JPMorgan Chase & Co. lowered their price objective on Evoke from GBX 82 to GBX 66 and set a “neutral” rating for the company 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 102.25.

Evoke Stock Performance

The company’s 50-day simple moving average is GBX 43.89 and its 200 day simple moving average is GBX 54.45. The company has a market cap of £137.38 million, a PE ratio of -1.22 and a beta of 0.84.

Evoke Company Profile