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

Shares of Evoke plc (LON:EVOK) dropped 9.6% 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.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Berenberg Bank lowered Evoke to a “hold” rating and dropped their price target for the company from GBX 95 to GBX 35 in a research report on Thursday. JPMorgan Chase & Co. reduced their price target on shares of Evoke from GBX 82 to GBX 66 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Evoke from GBX 88 to GBX 108 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 87.25.

Evoke Stock Performance

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

About Evoke