Evoke (LON:EVOK) Stock Price Down 10% – Should You Sell?

Evoke plc (LON:EVOK)’s stock price was down 10% during mid-day trading on Tuesday . The company traded as low as GBX 23.85 and last traded at GBX 24.61. Approximately 2,756,068 shares traded hands during trading, an increase of 19% from the average daily volume of 2,313,386 shares. The stock had previously closed at GBX 27.35.

Wall Street Analyst Weigh In

EVOK has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft cut shares of Evoke to a “hold” rating and decreased their target price for the stock from GBX 108 to GBX 35 in a research note on Friday. Berenberg Bank reissued a “hold” rating and issued a GBX 33 price objective on shares of Evoke in a research note on Tuesday, January 20th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Evoke from GBX 66 to GBX 34 and set a “neutral” rating on the stock in a research note on Tuesday, December 2nd. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of GBX 34.

Evoke Stock Performance

The firm has a market capitalization of £115.93 million, a PE ratio of -1.03 and a beta of 0.84. The business’s fifty day simple moving average is GBX 25.06 and its 200-day simple moving average is GBX 43.96.

About Evoke