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

Evoke plc (LON:EVOK) traded down 9.6% during mid-day trading on Saturday . The company traded as low as GBX 26.10 and last traded at GBX 26.50. 8,449,295 shares traded 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.

Analysts Set New Price Targets

EVOK has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their target price on Evoke from GBX 82 to GBX 66 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft boosted their target price 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. Finally, Berenberg Bank downgraded Evoke to a “hold” rating and lowered their price objective for the company from GBX 95 to GBX 35 in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 87.25.

Evoke Price Performance

The firm has a fifty day simple moving average of GBX 42.33 and a 200-day simple moving average of GBX 53.93. The firm has a market cap of £119.17 million, a P/E ratio of -1.06 and a beta of 0.84.

Evoke Company Profile