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

Evoke plc (LON:EVOK) shares dropped 9.6% during trading on Saturday . The stock 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

A number of research analysts have recently weighed in on EVOK shares. Berenberg Bank downgraded shares of Evoke to a “hold” rating and cut their price target for the company from GBX 95 to GBX 35 in a report on Thursday. Deutsche Bank Aktiengesellschaft increased their target price on shares of Evoke from GBX 88 to GBX 108 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. reduced their price target on Evoke from GBX 82 to GBX 66 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Two equities 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 87.25.

Evoke Trading Down 9.6%

The firm has a market cap of £119.17 million, a price-to-earnings ratio of -1.06 and a beta of 0.84. The firm has a 50-day moving average of GBX 42.33 and a two-hundred day moving average of GBX 53.93.

About Evoke