Evoke (LON:EVOK) Shares Down 3.5% - Should You Sell?

Key Points

• Evoke plc experienced a share price decline of 3.5%, trading at GBX 61.30 ($0.83) following a drop from the previous close at GBX 63.50 ($0.86).
• Despite the recent decline, several analysts from Deutsche Bank and Berenberg Bank have set buy ratings on the stock with price targets ranging from GBX 88 ($1.19) to GBX 108 ($1.46).
• Insider transactions revealed acquisition activity, with insiders Sean Wilkins and Per Widerström purchasing a total of 100,617 shares at an average price of GBX 54 ($0.73) per share.

Shares of Evoke plc (LON:EVOK - Get Free Report) dropped 3.5% on Thursday . The company traded as low as GBX 60.95 ($0.82) and last traded at GBX 61.30 ($0.83). Approximately 1,675,152 shares changed hands during trading, a decline of 19% from the average daily volume of 2,074,627 shares. The stock had previously closed at GBX 63.50 ($0.86).

Analyst Upgrades and Downgrades

EVOK has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price target on Evoke from GBX 80 to GBX 82 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 95 price target on shares of Evoke in a research report on Wednesday, August 13th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Evoke from GBX 88 to GBX 108 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 106.25.

Evoke Price Performance

The stock has a market capitalization of £266.95 million, a PE ratio of -1.49 and a beta of 0.84. The stock has a 50 day moving average of GBX 63.43 and a two-hundred day moving average of GBX 60.02.

Evoke (LON:EVOK - Get Free Report) last posted its earnings results on Wednesday, August 13th. The company reported GBX 1.20 EPS for the quarter. Evoke had a negative return on equity of 517.98% and a negative net margin of 8.50%. As a group, research analysts predict that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Per Widerström purchased 68,958 shares of the company's stock in a transaction on Friday, May 23rd. The stock was bought at an average cost of GBX 54 per share, for a total transaction of £37,237.32. Also, insider Sean Wilkins bought 31,659 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were purchased at an average price of GBX 54 per share, with a total value of £17,095.86. 27.00% of the stock is owned by company insiders.

About Evoke