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

Shares of Evoke plc (LON:EVOK) 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 were traded during mid-day trading, an increase of 230% from the average session volume of 2,564,155 shares. The stock had previously closed at GBX 29.30.

Several other research analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft increased their target price 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. reduced their price target on Evoke from GBX 82 to GBX 66 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Evoke presently has a consensus rating of “Moderate Buy” and an average price target of GBX 87.25.

Evoke Trading Down 9.6%

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

About Evoke