Evoke (LON:EVOK) Stock Price Down 18.3% – Time to Sell?

Evoke plc (LON:EVOK) dropped 18.3% during mid-day trading on Wednesday . The company traded as low as GBX 28.95 and last traded at GBX 30.55. Approximately 13,659,472 shares were traded 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

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

Evoke Trading Down 9.6%

The stock has a market cap of £119.17 million, a P/E ratio of -1.06 and a beta of 0.84. The company has a 50-day moving average price of GBX 42.33 and a two-hundred day moving average price of GBX 53.93.

About Evoke