Evoke (LON:EVOK) Stock Price Down 9.6% on Analyst Downgrade

Evoke plc (LON:EVOK) shares were down 9.6% during 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 trading, an increase of 230% from the average daily volume of 2,564,155 shares. The stock had previously closed at GBX 29.30.

EVOK has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft raised their price objective on Evoke from GBX 88 to GBX 108 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. cut their target price on Evoke from GBX 82 to GBX 66 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 87.25.

Evoke Stock Performance

The company has a 50-day moving average of GBX 42.33 and a 200 day moving average of GBX 53.93. The firm has a market cap of £119.17 million, a P/E ratio of -1.06 and a beta of 0.84.

Evoke Company Profile