Evoke (LON:EVOK) Stock Price Down 18.3% – Here’s What Happened

Evoke plc (LON:EVOK)’s share price fell 18.3% during mid-day trading on Wednesday . The company 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 Analysts Forecast Growth

A number of equities research analysts recently commented on EVOK shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 95 target price on shares of Evoke in a research report on Thursday, August 21st. Deutsche Bank Aktiengesellschaft increased their price target on Evoke from GBX 88 to GBX 108 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. cut their target price on shares of 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 102.25.

Evoke Trading Down 18.3%

The company has a fifty day simple moving average of GBX 43.89 and a two-hundred day simple moving average of 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