Evoke (LON:EVOK) Shares Down 9.6% – What’s Next?

Evoke plc (LON:EVOK) shares dropped 9.6% during trading on Saturday . The company traded as low as GBX 26.10 and last traded at GBX 26.50. Approximately 8,449,295 shares were traded 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.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EVOK. 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. Berenberg Bank lowered Evoke to a “hold” rating and dropped their price target for the stock from GBX 95 to GBX 35 in a research note on Thursday. Finally, JPMorgan Chase & Co. cut their price target 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 87.25.

Evoke Price Performance

The company has a 50 day moving average of GBX 42.33 and a two-hundred day moving average of GBX 53.93. The company has a market capitalization of £119.17 million, a PE ratio of -1.06 and a beta of 0.84.

Evoke Company Profile