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

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on EVOK. Deutsche Bank Aktiengesellschaft increased their price target on shares of Evoke from GBX 88 to GBX 108 and gave the company a “buy” rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. lowered 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. Finally, Berenberg Bank cut Evoke to a “hold” rating and cut their target price for the stock from GBX 95 to GBX 35 in a research note on Thursday. 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 company has an average rating of “Moderate Buy” and a consensus price target of GBX 87.25.

Evoke Stock Performance

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

About Evoke