Evoke (LON:EVOK) Trading Down 7.1% Following Analyst Downgrade
by Doug Wharley · The Cerbat GemEvoke plc (LON:EVOK – Get Free Report)’s share price dropped 7.1% 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 28.39. 13,083,267 shares were traded during mid-day trading, an increase of 409% from the average daily volume of 2,570,652 shares. The stock had previously closed at GBX 30.55.
Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. lowered their price objective on Evoke from GBX 82 to GBX 66 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft boosted their price target on Evoke from GBX 88 to GBX 108 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Two investment 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 company has an average rating of “Moderate Buy” and an average price target of GBX 87.25.
Check Out Our Latest Analysis on EVOK
Evoke Price Performance
The company has a market capitalization of £119.17 million, a P/E ratio of -1.06 and a beta of 0.84. The business has a 50-day moving average of GBX 42.33 and a 200-day moving average of GBX 53.93.