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

Evoke plc (LON:EVOK) traded down 9.6% during 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 traded hands 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 research firms have also commented on EVOK. 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 research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Evoke from GBX 88 to GBX 108 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 87.25.

Evoke Price Performance

The firm has a market capitalization of £119.17 million, a P/E ratio of -1.06 and a beta of 0.84. The stock has a fifty day simple moving average of GBX 42.88 and a two-hundred day simple moving average of GBX 54.11.

Evoke Company Profile