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

Evoke plc (LON:EVOK) traded down 9.6% during mid-day 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 were traded during mid-day trading, an increase of 230% from the average session volume of 2,564,155 shares. The stock had previously closed at GBX 29.30.

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

Evoke Stock Performance

The firm’s 50-day simple moving average is GBX 42.88 and its 200-day simple moving average is GBX 54.11. The company has a market capitalization of £119.17 million, a price-to-earnings ratio of -1.06 and a beta of 0.84.

Evoke Company Profile