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

Evoke plc (LON:EVOKGet Free Report) shares 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 traded hands 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 commented on the stock. Berenberg Bank downgraded shares of Evoke to a “hold” rating and decreased their price objective for the company from GBX 95 to GBX 35 in a research report on Thursday. JPMorgan Chase & Co. reduced their target price on Evoke from GBX 82 to GBX 66 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Evoke from GBX 88 to GBX 108 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 87.25.

Read Our Latest Analysis on EVOK

Evoke Stock Performance

The company has a market capitalization of £119.17 million, a price-to-earnings ratio of -1.06 and a beta of 0.84. The firm has a fifty day moving average price of GBX 42.33 and a 200-day moving average price of GBX 53.93.

Evoke Company Profile

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