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

Shares of Evoke plc (LON:EVOK) were 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 changed 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 research analysts have also weighed in on EVOK. Deutsche Bank Aktiengesellschaft lifted their target price on Evoke from GBX 88 to GBX 108 and gave the stock a “buy” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. cut their price objective on Evoke from GBX 82 to GBX 66 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 87.25.

Evoke Stock Down 9.6%

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

Evoke Company Profile