Evoke (LON:EVOK) Trading Down 9.6% After Analyst Downgrade

Evoke plc (LON:EVOK)’s stock price traded down 9.6% during mid-day trading 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 traded hands 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.

Other analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft raised their price target on Evoke from GBX 88 to GBX 108 and gave the company a “buy” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. lowered their target price on shares of Evoke from GBX 82 to GBX 66 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Evoke presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 87.25.

Evoke Stock Down 9.6%

The company has a fifty day moving average price of GBX 42.88 and a 200 day moving average price of GBX 54.11. The stock has a market cap of £119.17 million, a PE ratio of -1.06 and a beta of 0.84.

Evoke Company Profile