Evoke (LON:EVOK) Stock Price Down 18.3% – Here’s What Happened

Evoke plc (LON:EVOK) dropped 18.3% during trading on Wednesday . The company 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.

Analysts Set New Price Targets

A number of brokerages have issued reports on EVOK. Berenberg Bank downgraded shares of Evoke to a “hold” rating and reduced their price objective for the stock from GBX 95 to GBX 35 in a research note on Thursday. Deutsche Bank Aktiengesellschaft increased their price target on shares of Evoke from GBX 88 to GBX 108 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Evoke from GBX 82 to GBX 66 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Evoke presently has a consensus rating of “Moderate Buy” and an average price target of GBX 87.25.

Evoke Price Performance

The company has a fifty day moving average price of GBX 42.33 and a two-hundred day moving average price of GBX 53.93. The company has a market capitalization of £119.17 million, a P/E ratio of -1.06 and a beta of 0.84.

Evoke Company Profile