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

Evoke plc (LON:EVOK)’s share price 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 Upgrades and Downgrades

EVOK has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Evoke from GBX 88 to GBX 108 and gave the company a “buy” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. dropped 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. Finally, Berenberg Bank lowered Evoke to a “hold” rating and reduced their price target for the stock from GBX 95 to GBX 35 in a research report on Thursday. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 87.25.

Evoke Trading Down 9.6%

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

About Evoke