Evoke (LON:EVOK) Shares Down 7.1% - What's Next?
Evoke plc shares fell 7.1% on Thursday, with trading volume increasing by 409% from the average. Analysts have mixed ratings, with JPMorgan lowering its price target and Deutsche Bank raising it. The stock has a consensus rating of "Moderate Buy" and an average target price of GBX 102.25. Despite the drop, analysts suggest other stocks may be better investments.
Evoke plc (LON:EVOK - Get Free Report) shares fell 7.1% during trading on Thursday . The stock traded as low as GBX 28.05 and last traded at GBX 28.39. 13,083,267 shares were traded during trading, an increase of 409% from the average session volume of 2,570,652 shares. The stock had previously closed at GBX 30.55.
Analyst Ratings Changes
A number of research firms have recently weighed in on EVOK. JPMorgan Chase & Co. dropped their price target on shares of Evoke from GBX 82 to GBX 66 and set a "neutral" rating for the company in a research report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft lifted their price objective on Evoke from GBX 88 to GBX 108 and gave the company a "buy" rating in a report on Wednesday, August 13th. Finally, Berenberg Bank reissued a "buy" rating and set a GBX 95 target price on shares of Evoke in a report on Thursday, August 21st. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Evoke currently has a consensus rating of "Moderate Buy" and an average target price of GBX 102.25.
View Our Latest Report on Evoke
Evoke Stock Down 6.4%
The firm has a 50 day simple moving average of GBX 43.39 and a two-hundred day simple moving average of GBX 54.29. The stock has a market capitalization of £128.61 million, a P/E ratio of -1.14 and a beta of 0.84.
About Evoke
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