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

Evoke plc (LON:EVOK) 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 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 Analyst Weigh In

Several research firms have recently commented on EVOK. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Evoke from GBX 88 to GBX 108 and gave the company a “buy” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. lowered their target price on Evoke from GBX 82 to GBX 66 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Finally, Berenberg Bank lowered Evoke to a “hold” rating and dropped their target price for the stock from GBX 95 to GBX 35 in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 87.25.

Evoke Trading Down 9.6%

The firm has a 50-day moving average of GBX 42.33 and a two-hundred day moving average of GBX 53.94. The firm has a market cap of £119.17 million, a price-to-earnings ratio of -1.06 and a beta of 0.84.

About Evoke