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

Evoke plc (LON:EVOK) dropped 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. Approximately 8,449,295 shares changed hands during mid-day trading, an increase of 230% from the average daily volume of 2,564,155 shares. The stock had previously closed at GBX 29.30.

Several other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Evoke from GBX 82 to GBX 66 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft raised their target price on Evoke from GBX 88 to GBX 108 and gave the company a “buy” rating in a report on Wednesday, August 13th. Two investment 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 87.25.

Evoke Trading Down 9.6%

The stock has a market cap of £119.17 million, a P/E ratio of -1.06 and a beta of 0.84. The firm’s fifty day moving average is GBX 42.33 and its 200 day moving average is GBX 53.93.

About Evoke