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

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 changed hands 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 research analysts have weighed in on the company. 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 research report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft boosted their price target on Evoke from GBX 88 to GBX 108 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Finally, Berenberg Bank lowered shares of Evoke to a “hold” rating and cut their price objective for the company from GBX 95 to GBX 35 in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 87.25.

Evoke Trading Down 9.6%

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

About Evoke