Evoke (LON:EVOK) Shares Down 2.2% – Here’s What Happened

Evoke plc (LON:EVOK)’s stock price traded down 2.2% during mid-day trading on Wednesday . The stock traded as low as GBX 21.35 and last traded at GBX 21.90. 777,857 shares were traded during mid-day trading, a decline of 33% from the average session volume of 1,155,680 shares. The stock had previously closed at GBX 22.40.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Berenberg Bank downgraded shares of Evoke to a “hold” rating and reduced their price target for the company from GBX 95 to GBX 35 in a research report on Thursday, November 27th. JPMorgan Chase & Co. dropped their price objective on shares of Evoke from GBX 66 to GBX 34 and set a “neutral” rating on the stock in a research note on Tuesday, December 2nd. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of GBX 59.

Evoke Price Performance

The company has a 50 day simple moving average of GBX 28.51 and a 200-day simple moving average of GBX 47.57. The stock has a market capitalization of £98.52 million, a P/E ratio of -0.87 and a beta of 0.84.

About Evoke