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

Evoke plc (LON:EVOK) shares traded down 9.6% during trading on Saturday . The stock traded as low as GBX 26.10 and last traded at GBX 26.50. 8,449,295 shares changed hands 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.

Analyst Ratings Changes

EVOK has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on Evoke from GBX 82 to GBX 66 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Berenberg Bank lowered shares of Evoke to a “hold” rating and dropped their price objective for the company from GBX 95 to GBX 35 in a research note on Thursday. Finally, 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 equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Evoke has an average rating of “Moderate Buy” and a consensus price target of GBX 87.25.

Evoke Trading Down 9.6%

The company’s fifty day moving average is GBX 42.33 and its 200-day moving average is GBX 53.93. The firm has a market capitalization of £119.17 million, a P/E ratio of -1.06 and a beta of 0.84.

About Evoke