Evoke (LON:EVOK) Shares Down 17.1% - Time to Sell?
Evoke plc shares dropped 17.1% during mid-day trading, with a significant increase in trading volume. Analysts have mixed ratings, with a consensus of "Moderate Buy" and an average price target of GBX 102.25. Despite the drop, some analysts maintain a "Buy" rating, while others suggest better investment options. The stock's 50-day moving average is GBX 43.89, and its 200-day moving average is GBX 54.45.
Shares of Evoke plc (LON:EVOK - Get Free Report) dropped 17.1% during mid-day trading on Wednesday . The company traded as low as GBX 28.95 and last traded at GBX 31. Approximately 11,443,271 shares traded hands during mid-day trading, an increase of 355% from the average daily volume of 2,515,704 shares. The stock had previously closed at GBX 37.40.
Analyst Ratings Changes
Several equities analysts have recently issued reports on EVOK shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Evoke from GBX 88 to GBX 108 and gave the company a "buy" rating in a research note on Wednesday, August 13th. 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 report on Wednesday, October 29th. Finally, Berenberg Bank reaffirmed a "buy" rating and set a GBX 95 price objective on shares of Evoke in a research report on Thursday, August 21st. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of GBX 102.25.
View Our Latest Research Report on Evoke
Evoke Trading Down 18.4%
The company's 50 day moving average is GBX 43.89 and its 200 day moving average is GBX 54.45. The stock has a market capitalization of £137.16 million, a price-to-earnings ratio of -1.22 and a beta of 0.84.
Evoke Company Profile
(Get Free Report)Featured Articles
- Five stocks we like better than Evoke
- Why Are Stock Sectors Important to Successful Investing?
- History Says These are 3 Stocks to Buy for December
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- Warner Bros. Sale Rumors Heat Up: What Investors Need to Know
- Transportation Stocks Investing
- From Science Project to Solvent: WeRide’s 761% Revenue Surge
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Evoke Right Now?
Before you consider Evoke, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Evoke wasn't on the list.
While Evoke currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
