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

Evoke plc (LON:EVOK)’s share price 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 mid-day trading, an increase of 230% from the average session volume of 2,564,155 shares. The stock had previously closed at GBX 29.30.

A number of other brokerages have also weighed in on EVOK. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Evoke from GBX 88 to GBX 108 and gave the company a “buy” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. dropped their target price on Evoke from GBX 82 to GBX 66 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Evoke currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 87.25.

Evoke Stock Performance

The stock’s 50-day moving average is GBX 42.33 and its 200 day moving average is GBX 53.94. The stock has a market capitalization of £119.17 million, a PE ratio of -1.06 and a beta of 0.84.

About Evoke