Evoke (LON:EVOK) Shares Down 9.6% Following Analyst Downgrade

Evoke plc (LON:EVOK) shares fell 9.6% on Friday after Berenberg Bank downgraded the stock to a hold rating. Berenberg Bank now has a GBX 35 price target on the stock, down from their previous price target of GBX 95. Evoke traded as low as GBX 26.10 and last traded at GBX 26.50. 8,449,295 shares were traded during trading, an increase of 230% from the average session volume of 2,564,155 shares. The stock had previously closed at GBX 29.30.

A number of other research analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Evoke from GBX 88 to GBX 108 and gave the company a “buy” rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. reduced their price objective on Evoke from GBX 82 to GBX 66 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Evoke currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 87.25.

Evoke Trading Down 9.6%

The firm has a market cap of £119.17 million, a P/E ratio of -1.06 and a beta of 0.84. The business’s fifty day simple moving average is GBX 42.88 and its 200-day simple moving average is GBX 54.11.

Evoke Company Profile