Evoke (LON:EVOK) Trading Down 9.6% – Here’s What Happened

Evoke plc (LON:EVOKGet Free Report)’s share price fell 9.6% 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 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.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on EVOK shares. Berenberg Bank cut Evoke to a “hold” rating and lowered their price target for the stock from GBX 95 to GBX 35 in a report on Thursday. JPMorgan Chase & Co. cut their target price on shares of Evoke from GBX 82 to GBX 66 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft increased 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 given a Hold rating to the company. Based on data from MarketBeat, Evoke currently has an average rating of “Moderate Buy” and an average price target of GBX 87.25.

Get Our Latest Report on EVOK

Evoke Stock Down 9.6%

The business’s fifty day moving average is GBX 42.33 and its two-hundred day moving average is GBX 53.93. The stock has a market capitalization of £119.17 million, a PE ratio of -1.06 and a beta of 0.84.

About Evoke

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