Evoke (LON:EVOK) Stock Price Down 9.6% – Time to Sell?

Evoke plc (LON:EVOKGet Free Report)’s stock price traded down 9.6% on Saturday . The company traded as low as GBX 26.10 and last traded at GBX 26.50. 8,449,295 shares were traded 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.

Wall Street Analysts Forecast Growth

EVOK has been the topic of a number of analyst reports. Berenberg Bank downgraded shares of Evoke to a “hold” rating and cut their price objective for the stock from GBX 95 to GBX 35 in a research report on Thursday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Evoke from GBX 88 to GBX 108 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. decreased their price objective on 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’s stock. According to MarketBeat.com, Evoke currently has a consensus rating of “Moderate Buy” and an average target price of GBX 87.25.

Check Out Our Latest Stock Analysis on EVOK

Evoke Trading Down 9.6%

The stock has a market capitalization of £119.17 million, a price-to-earnings ratio of -1.06 and a beta of 0.84. The firm has a 50-day moving average of GBX 42.33 and a 200-day moving average of GBX 53.94.

Evoke Company Profile

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