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

Evoke plc (LON:EVOKGet Free Report) traded down 9.6% during trading on Saturday . The stock traded as low as GBX 26.10 and last traded at GBX 26.50. 8,449,295 shares were traded during 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 Analyst Weigh In

Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft raised their target price on Evoke from GBX 88 to GBX 108 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. 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. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Evoke from GBX 82 to GBX 66 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Evoke currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 87.25.

Get Our Latest Report on Evoke

Evoke Stock Performance

The stock has a 50-day moving average of GBX 42.33 and a two-hundred day moving average of GBX 53.94. The company has a market cap of £119.17 million, a P/E ratio of -1.06 and a beta of 0.84.

About Evoke

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