Evoke (LON:EVOK) Trading Down 10% – Here’s Why

Shares of Evoke plc (LON:EVOK) fell 10% during mid-day trading on Tuesday . The company traded as low as GBX 23.85 and last traded at GBX 24.61. 2,756,068 shares were traded during trading, an increase of 19% from the average session volume of 2,313,386 shares. The stock had previously closed at GBX 27.35.

Analyst Ratings Changes

Several analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price objective on Evoke from GBX 66 to GBX 34 and set a “neutral” rating for the company in a research note on Tuesday, December 2nd. Berenberg Bank reissued a “hold” rating and issued a GBX 33 price target on shares of Evoke in a research report on Tuesday, January 20th. Finally, Deutsche Bank Aktiengesellschaft cut Evoke to a “hold” rating and dropped their price objective for the company from GBX 108 to GBX 35 in a research note on Friday, January 23rd. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 34.

Evoke Price Performance

The stock has a fifty day moving average of GBX 24.62 and a 200 day moving average of GBX 43.56. The firm has a market capitalization of £112.69 million, a P/E ratio of -1.00 and a beta of 0.84.

Evoke Company Profile