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

Evoke plc (LON:EVOK) fell 9.6% during 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 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

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

Evoke Stock Performance

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

About Evoke