Evoke (LON:EVOK) Shares Down 18.3% – What’s Next?

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

Analyst Ratings Changes

A number of research firms have recently commented on EVOK. Deutsche Bank Aktiengesellschaft lifted their price objective on Evoke from GBX 88 to GBX 108 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. JPMorgan Chase & Co. dropped their price target on Evoke from GBX 82 to GBX 66 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 95 price objective on shares of Evoke in a research note on Thursday, August 21st. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 102.25.

Evoke Price Performance

The stock has a market cap of £137.38 million, a P/E ratio of -1.22 and a beta of 0.84. The business’s 50 day simple moving average is GBX 43.89 and its 200 day simple moving average is GBX 54.45.

About Evoke