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

Evoke plc (LON:EVOK)’s share price was 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. 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.

Several other analysts have also weighed in on EVOK. JPMorgan Chase & Co. lowered their price objective on Evoke from GBX 82 to GBX 66 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft boosted their price target on Evoke from GBX 88 to GBX 108 and gave the company a “buy” rating in a report on Wednesday, August 13th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Evoke has a consensus rating of “Moderate Buy” and an average target price of GBX 87.25.

Evoke Price Performance

The company has a fifty day moving average price of GBX 42.33 and a 200 day moving average price of GBX 53.94. The company has a market capitalization of £119.17 million, a P/E ratio of -1.06 and a beta of 0.84.

About Evoke