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

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

A number of other research analysts have also recently commented on EVOK. JPMorgan Chase & Co. decreased 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. Deutsche Bank Aktiengesellschaft lifted their target price on Evoke from GBX 88 to GBX 108 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 87.25.

Evoke Stock Performance

The stock’s 50-day moving average is GBX 42.33 and its two-hundred day moving average is GBX 53.94. The stock has a market cap of £119.17 million, a PE ratio of -1.06 and a beta of 0.84.

Evoke Company Profile