Evoke (LON:EVOK) Trading Down 18.3% – Here’s What Happened

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

Analyst Upgrades and Downgrades

EVOK has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on Evoke from GBX 88 to GBX 108 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 95 target price on shares of Evoke in a research report on Thursday, August 21st. Finally, JPMorgan Chase & Co. lowered their target price on Evoke from GBX 82 to GBX 66 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 102.25.

Evoke Stock Performance

The firm has a 50 day moving average price of GBX 43.89 and a two-hundred day moving average price of GBX 54.45. The company has a market cap of £137.38 million, a P/E ratio of -1.22 and a beta of 0.84.

Evoke Company Profile