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

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on EVOK shares. Deutsche Bank Aktiengesellschaft raised their target price on Evoke from GBX 88 to GBX 108 and gave the company a “buy” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. decreased their price target on shares of Evoke from GBX 82 to GBX 66 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Finally, Berenberg Bank cut Evoke to a “hold” rating and reduced their price objective for the company from GBX 95 to GBX 35 in a research note on Thursday. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 87.25.

View Our Latest Research Report on EVOK

Evoke Trading Down 9.6%

The stock’s fifty day moving average price is GBX 42.33 and its two-hundred day moving average price is GBX 53.93. The firm has a market capitalization of £119.17 million, a price-to-earnings ratio of -1.06 and a beta of 0.84.

Evoke Company Profile

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