Evoke (LON:EVOK) Trading Down 9.6% After Analyst Downgrade

Evoke plc (LON:EVOK) was 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. Approximately 8,449,295 shares changed hands during trading, an increase of 230% from the average daily volume of 2,564,155 shares. The stock had previously closed at GBX 29.30.

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

Evoke Stock Down 9.6%

The stock has a market capitalization of £119.17 million, a P/E ratio of -1.06 and a beta of 0.84. The company has a 50-day moving average price of GBX 42.88 and a two-hundred day moving average price of GBX 54.11.

About Evoke