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

Shares of Evoke plc (LON:EVOK) traded 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. 8,449,295 shares were traded 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.

Other research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft raised their target price on Evoke from GBX 88 to GBX 108 and gave the company a “buy” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. lowered their price target on Evoke from GBX 82 to GBX 66 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 87.25.

Evoke Price Performance

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

About Evoke