Evoke (LON:EVOK) Trading Down 18.3% Following Analyst Downgrade

Shares of Evoke plc (LON:EVOK) were down 18.3% during trading 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 28.95 and last traded at GBX 30.55. Approximately 13,659,472 shares changed hands during mid-day trading, an increase of 441% from the average daily volume of 2,525,340 shares. The stock had previously closed at GBX 37.40.

EVOK has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft upped their price objective on Evoke from GBX 88 to GBX 108 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. JPMorgan Chase & Co. dropped their price objective 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 investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 87.25.

Evoke Trading Down 9.6%

The stock’s 50-day moving average is GBX 42.33 and its 200-day moving average is GBX 53.93. The stock has a market cap of £119.17 million, a P/E ratio of -1.06 and a beta of 0.84.

About Evoke