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

Shares of Evoke plc (LON:EVOK) 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 changed hands 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.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EVOK. JPMorgan Chase & Co. reduced their target price on shares of Evoke from GBX 82 to GBX 66 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of 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 downgraded shares of Evoke to a “hold” rating and cut their target price for the company from GBX 95 to GBX 35 in a research report on Thursday. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 87.25.

Evoke Stock Performance

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’s 50 day simple moving average is GBX 42.33 and its 200-day simple moving average is GBX 53.94.

About Evoke