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

Evoke plc (LON:EVOK) traded down 9.6% during 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 traded 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.

Several other brokerages also recently commented on EVOK. Deutsche Bank Aktiengesellschaft boosted their price objective on Evoke from GBX 88 to GBX 108 and gave the company a “buy” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. cut their price target on shares of Evoke from GBX 82 to GBX 66 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 87.25.

Evoke Price Performance

The company has a market capitalization of £119.17 million, a PE ratio of -1.06 and a beta of 0.84. The company’s fifty day moving average is GBX 42.88 and its 200-day moving average is GBX 54.11.

Evoke Company Profile