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

Evoke plc (LON:EVOK)’s share price traded down 9.6% on Saturday . The stock traded as low as GBX 26.10 and last traded at GBX 26.50. 8,449,295 shares traded 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.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EVOK. Deutsche Bank Aktiengesellschaft upped their price objective on Evoke from GBX 88 to GBX 108 and gave the company a “buy” rating in a research note on Wednesday, August 13th. JPMorgan Chase & Co. dropped their price target on Evoke from GBX 82 to GBX 66 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Finally, Berenberg Bank cut Evoke to a “hold” rating and reduced their price objective for the stock from GBX 95 to GBX 35 in a research note on Thursday. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average 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 50-day moving average of GBX 42.33 and a 200-day moving average of GBX 53.94.

About Evoke