Evoke (LON:EVOK) Trading Down 9.6% – What’s Next?

Evoke plc (LON:EVOK) dropped 9.6% during trading on Saturday . The stock traded as low as GBX 26.10 and last traded at GBX 26.50. Approximately 8,449,295 shares were traded during trading, an increase of 230% from the average daily volume of 2,564,155 shares. The stock had previously closed at GBX 29.30.

Analysts Set New Price Targets

A number of research firms recently weighed in on EVOK. Deutsche Bank Aktiengesellschaft increased their price target on Evoke from GBX 88 to GBX 108 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Berenberg Bank cut shares of Evoke to a “hold” rating and decreased their target price for the stock from GBX 95 to GBX 35 in a report on Thursday. Finally, JPMorgan Chase & Co. decreased 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 equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 87.25.

Evoke Price Performance

The firm has a market capitalization of £119.17 million, a PE ratio of -1.06 and a beta of 0.84. The company has a fifty day moving average of GBX 42.33 and a 200-day moving average of GBX 53.94.

About Evoke