Evoke (LON:EVOK) Stock Price Down 9.6% – Here’s Why

Evoke plc (LON:EVOK) traded down 9.6% during mid-day trading on Saturday . The company traded as low as GBX 26.10 and last traded at GBX 26.50. 8,449,295 shares were traded during trading, an increase of 230% from the average session volume of 2,564,155 shares. The stock had previously closed at GBX 29.30.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft upped 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. Berenberg Bank cut Evoke to a “hold” rating and reduced their price target for the company from GBX 95 to GBX 35 in a research report on Thursday. Finally, JPMorgan Chase & Co. decreased their price target on Evoke from GBX 82 to GBX 66 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 87.25.

Evoke Trading Down 9.6%

The stock has a 50-day moving average price of GBX 42.33 and a 200 day moving average price of GBX 53.93. The stock has a market capitalization of £119.17 million, a price-to-earnings ratio of -1.06 and a beta of 0.84.

About Evoke