Evoke (LON:EVOK) Trading Down 2.7% – Time to Sell?

Evoke plc (LON:EVOK) shares were down 2.7% during mid-day trading on Thursday . The company traded as low as GBX 29.50 and last traded at GBX 30.15. Approximately 593,479 shares traded hands during trading, a decline of 77% from the average daily volume of 2,624,573 shares. The stock had previously closed at GBX 31.

Analysts Set New Price Targets

A number of research firms recently weighed in on EVOK. Berenberg Bank reaffirmed a “hold” rating and set a GBX 33 price target on shares of Evoke in a report on Tuesday, January 20th. JPMorgan Chase & Co. lowered their target price on Evoke from GBX 66 to GBX 34 and set a “neutral” rating for the company in a research note on Tuesday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered Evoke to a “hold” rating and dropped their target price for the stock from GBX 108 to GBX 35 in a research report on Friday, January 23rd. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of GBX 34.

Evoke Stock Performance

The company’s fifty day simple moving average is GBX 24.48 and its two-hundred day simple moving average is GBX 39.24. The company has a market capitalization of £138.56 million, a price-to-earnings ratio of -1.23 and a beta of 0.84.

Evoke Company Profile