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

Shares of Evoke plc (LON:EVOK) dropped 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 were traded during mid-day trading, an increase of 230% from the average daily volume of 2,564,155 shares. The stock had previously closed at GBX 29.30.

Analysts Set New Price Targets

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

Evoke Stock Performance

The company has a fifty day simple moving average of GBX 42.33 and a two-hundred day simple moving average of GBX 53.93. The stock has a market capitalization of £119.17 million, a price-to-earnings ratio of -1.06 and a beta of 0.84.

Evoke Company Profile