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

Evoke plc (LON:EVOK)’s stock price was down 9.6% during trading 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 mid-day 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 Ratings Changes

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

Evoke Stock Down 9.6%

The firm has a market cap of £119.17 million, a P/E ratio of -1.06 and a beta of 0.84. The business has a fifty day simple moving average of GBX 42.33 and a 200-day simple moving average of GBX 53.94.

Evoke Company Profile