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

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

Several other research analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Evoke from GBX 88 to GBX 108 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. 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 research note on Wednesday, October 29th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 87.25.

Evoke Trading Down 9.6%

The stock has a 50-day simple moving average of GBX 42.33 and a 200 day simple moving average of GBX 53.94. The company has a market cap of £119.17 million, a price-to-earnings ratio of -1.06 and a beta of 0.84.

About Evoke