Evoke (LON:EVOK) Shares Down 9.6% Following 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 traded 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.

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

Evoke Trading Down 9.6%

The firm has a market capitalization of £119.17 million, a PE ratio of -1.06 and a beta of 0.84. The firm’s fifty day moving average price is GBX 42.33 and its 200 day moving average price is GBX 53.94.

Evoke Company Profile