Evoke (LON:EVOK) Shares Down 9.6% – Here’s Why

Evoke plc (LON:EVOKGet Free Report) traded down 9.6% during mid-day trading on Saturday . The stock traded as low as GBX 26.10 and last traded at GBX 26.50. 8,449,295 shares changed hands 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.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Evoke from GBX 88 to GBX 108 and gave the stock a “buy” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. decreased their price target on Evoke from GBX 82 to GBX 66 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Finally, Berenberg Bank lowered Evoke to a “hold” rating and lowered their price target for the company from GBX 95 to GBX 35 in a report on Thursday. 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 87.25.

Get Our Latest Stock Analysis on EVOK

Evoke Stock Down 9.6%

The firm has a market cap of £119.17 million, a price-to-earnings ratio of -1.06 and a beta of 0.84. The stock’s 50 day moving average is GBX 42.33 and its 200 day moving average is GBX 53.93.

About Evoke

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