Evoke (LON:EVOK) Shares Down 9.6% Following Analyst Downgrade

Shares of Evoke plc (LON:EVOK) fell 9.6% 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 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.

EVOK has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft lifted their target price on Evoke from GBX 88 to GBX 108 and gave the company a “buy” rating in a research note on Wednesday, August 13th. JPMorgan Chase & Co. reduced their target price on Evoke from GBX 82 to GBX 66 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Evoke has an average rating of “Moderate Buy” and a consensus price target of GBX 87.25.

Evoke Stock Down 9.6%

The company has a market cap of £119.17 million, a PE ratio of -1.06 and a beta of 0.84. The stock’s 50 day simple moving average is GBX 42.33 and its two-hundred day simple moving average is GBX 53.94.

Evoke Company Profile