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

Shares of Evoke plc (LON:EVOK) traded down 9.6% 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. 8,449,295 shares changed hands 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.

EVOK has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Evoke from GBX 88 to GBX 108 and gave the company a “buy” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. cut 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 analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 87.25.

Evoke Stock Performance

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

About Evoke