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

Evoke plc (LON:EVOK)’s stock price fell 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.

Several other research analysts also recently weighed in on the company. JPMorgan Chase & Co. cut 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. Deutsche Bank Aktiengesellschaft upped 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. 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 Down 9.6%

The stock has a market capitalization of £119.17 million, a P/E ratio of -1.06 and a beta of 0.84. The company has a 50-day moving average price of GBX 42.33 and a two-hundred day moving average price of GBX 53.93.

Evoke Company Profile