Evoke (LON:EVOK) Trading Down 18.3% – Should You Sell?

Evoke plc (LON:EVOK) shares dropped 18.3% during mid-day trading on Wednesday . The company traded as low as GBX 28.95 and last traded at GBX 30.55. Approximately 13,659,472 shares changed hands during trading, an increase of 441% from the average daily volume of 2,525,340 shares. The stock had previously closed at GBX 37.40.

Analysts Set New Price Targets

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

Evoke Price Performance

The firm has a fifty day moving average of GBX 42.88 and a two-hundred day moving average of GBX 54.11. The stock has a market capitalization of £119.17 million, a P/E ratio of -1.06 and a beta of 0.84.

About Evoke