Evoke (LON:EVOK) Shares Down 18.3% – Here’s What Happened

by · The Cerbat Gem

Shares of Evoke plc (LON:EVOK – Get Free Report) were 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. Approximately 13,659,472 shares were traded 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

EVOK has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price target on shares of Evoke from GBX 82 to GBX 66 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. 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, Berenberg Bank reaffirmed a “buy” rating and set a GBX 95 price objective on shares of Evoke in a research note on Thursday, August 21st. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 102.25.

Read Our Latest Research Report on Evoke

Evoke Stock Down 18.3%

The stock’s fifty day simple moving average is GBX 43.89 and its 200 day simple moving average is GBX 54.45. The firm has a market capitalization of £137.38 million, a PE ratio of -1.22 and a beta of 0.84.

About Evoke

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