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

Evoke plc (LON:EVOK)’s stock price fell 9.6% during mid-day trading on Saturday . The stock traded as low as GBX 26.10 and last traded at GBX 26.50. 8,449,295 shares changed hands 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

A number of research firms have recently issued reports on EVOK. Deutsche Bank Aktiengesellschaft increased their target price on Evoke from GBX 88 to GBX 108 and gave the company a “buy” rating in a report on Wednesday, August 13th. Berenberg Bank downgraded Evoke to a “hold” rating and lowered their price target for the company from GBX 95 to GBX 35 in a report on Thursday. Finally, JPMorgan Chase & Co. reduced their price objective on Evoke from GBX 82 to GBX 66 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 87.25.

Evoke Trading Down 9.6%

The business’s 50-day simple moving average is GBX 42.33 and its 200-day simple moving average is GBX 53.94. The company has a market cap of £119.17 million, a PE ratio of -1.06 and a beta of 0.84.

About Evoke