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

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

EVOK has been the topic of a number of other reports. JPMorgan Chase & Co. lowered their price target on shares of Evoke from GBX 82 to GBX 66 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Evoke from GBX 88 to GBX 108 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Two equities research 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 stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 87.25.

Evoke Stock Performance

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

Evoke Company Profile