Evoke (LON:EVOK) Stock Price Down 6.4% on Analyst Downgrade

Evoke plc (LON:EVOK)’s stock price dropped 6.4% during trading on Thursday 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 28.05 and last traded at GBX 28.58. Approximately 12,545,383 shares traded hands during trading, an increase of 388% from the average daily volume of 2,568,323 shares. The stock had previously closed at GBX 30.55.

EVOK has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft increased 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 target price on shares of 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat, Evoke currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 87.25.

Evoke Stock Down 9.6%

The company’s 50 day simple moving average is GBX 42.33 and its 200-day simple moving average is GBX 53.93. The firm has a market cap of £119.17 million, a P/E ratio of -1.06 and a beta of 0.84.

Evoke Company Profile