Evoke (LON:EVOK) Shares Down 0.9% – Time to Sell?

Shares of Evoke plc (LON:EVOK) were down 0.9% during mid-day trading on Wednesday . The company traded as low as GBX 41.35 and last traded at GBX 42. Approximately 1,206,010 shares were traded during trading, a decline of 67% from the average daily volume of 3,647,976 shares. The stock had previously closed at GBX 42.40.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Evoke from GBX 34 to GBX 52 and gave the stock a “neutral” rating in a report on Tuesday, June 16th. Berenberg Bank reissued a “hold” rating and issued a GBX 52 target price on shares of Evoke in a report on Wednesday, August 26th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 46.33.

Evoke Price Performance

The business has a 50-day simple moving average of GBX 44.68 and a 200 day simple moving average of GBX 39.88. The firm has a market cap of £182.53 million, a PE ratio of -0.33 and a beta of 0.99.

Evoke (LON:EVOK) last issued its quarterly earnings data on Wednesday, August 12th. The company reported GBX (0.40) earnings per share for the quarter. Evoke had a negative net margin of 31.05% and a positive return on equity of 76.91%. On average, equities analysts forecast that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

About Evoke