Evoke (LON:EVOK) Trading Down 9.6% - Time to Sell?
Evoke plc's stock (LON:EVOK) fell 9.6% during mid-day trading, with a significant increase in trading volume. Analysts have mixed ratings: JPMorgan set a neutral rating, Deutsche Bank gave a buy rating, and Berenberg Bank issued a hold rating. The stock has a consensus rating of "Moderate Buy" with a target price of GBX 87.25. Despite the moderate buy rating, top analysts suggest better investment options than Evoke.
Evoke plc (LON:EVOK - Get Free Report)'s stock price was down 9.6% during mid-day trading on Saturday . The company traded as low as GBX 26.10 and last traded at GBX 26.50. Approximately 8,449,295 shares were traded 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.
Analyst Upgrades and Downgrades
Several brokerages have commented on EVOK. 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 boosted their target price 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 cut shares of Evoke to a "hold" rating and reduced their target price for the stock from GBX 95 to GBX 35 in a report on Thursday. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 87.25.
Read Our Latest Report on Evoke
Evoke Trading Down 9.6%
The stock has a market cap of £119.17 million, a price-to-earnings ratio of -1.06 and a beta of 0.84. The company has a fifty day simple moving average of GBX 42.33 and a 200-day simple moving average of GBX 53.93.
About Evoke
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