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

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

Wall Street Analysts Forecast Growth

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

Evoke Stock Performance

The stock has a market cap of £119.17 million, a PE ratio of -1.06 and a beta of 0.84. The firm has a 50-day moving average price of GBX 42.33 and a 200-day moving average price of GBX 53.93.

About Evoke