Evoke (LON:EVOK) Stock Price Down 7.1% After Analyst Downgrade

Shares of Evoke plc (LON:EVOKGet Free Report) were down 7.1% on Thursday 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 28.05 and last traded at GBX 28.39. Approximately 13,083,267 shares traded hands during trading, an increase of 409% from the average daily volume of 2,570,652 shares. The stock had previously closed at GBX 30.55.

Several other research firms have also commented on EVOK. Deutsche Bank Aktiengesellschaft lifted 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. decreased their target price on Evoke from GBX 82 to GBX 66 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Evoke currently has an average rating of “Moderate Buy” and a consensus target price of GBX 87.25.

View Our Latest Stock Analysis on Evoke

Evoke Stock Performance

The stock’s fifty day moving average is GBX 42.33 and its two-hundred day moving average is GBX 53.93. The firm has a market cap of £119.17 million, a price-to-earnings ratio of -1.06 and a beta of 0.84.

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