Evoke (LON:EVOK) Shares Down 6.2% After Analyst Downgrade

by · The Cerbat Gem

Evoke plc (LON:EVOK – Get Free Report)’s share price fell 6.2% 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 28.66. 11,688,734 shares were traded during trading, an increase of 356% from the average session volume of 2,564,615 shares. The stock had previously closed at GBX 30.55.

Several other equities analysts have also issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Evoke from GBX 82 to GBX 66 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft lifted their target price on Evoke from GBX 88 to GBX 108 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Evoke currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 87.25.

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Evoke Stock Performance

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

Evoke Company Profile

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