Evoke (LON:EVOK) Stock Price Down 18.3% Following Analyst Downgrade

Evoke plc (LON:EVOK) shares were down 18.3% during mid-day trading on Thursday 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 28.95 and last traded at GBX 30.55. Approximately 13,659,472 shares traded hands during mid-day trading, an increase of 441% from the average daily volume of 2,525,340 shares. The stock had previously closed at GBX 37.40.

A number of other equities research analysts have also recently weighed in on EVOK. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Evoke from GBX 88 to GBX 108 and gave the company a “buy” rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. cut their target price on Evoke from GBX 82 to GBX 66 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Evoke currently has an average rating of “Moderate Buy” and a consensus target price of GBX 87.25.

Evoke Stock Performance

The company’s 50-day simple moving average is GBX 42.33 and its 200 day simple moving average is GBX 53.93. The company has a market cap of £119.17 million, a PE ratio of -1.06 and a beta of 0.84.

Evoke Company Profile