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

Evoke plc (LON:EVOK)’s stock price was down 9.6% during trading on Saturday . The company traded as low as GBX 26.10 and last traded at GBX 26.50. Approximately 8,449,295 shares traded hands during trading, an increase of 230% from the average daily volume of 2,564,155 shares. The stock had previously closed at GBX 29.30.

Wall Street Analyst Weigh In

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

Evoke Stock Performance

The company has a market capitalization of £119.17 million, a price-to-earnings ratio of -1.06 and a beta of 0.84. The business’s 50-day simple moving average is GBX 42.33 and its 200-day simple moving average is GBX 53.93.

About Evoke