Evoke (LON:EVOK) Stock Price Down 9.6% – Here’s What Happened

Evoke plc (LON:EVOK)’s share price fell 9.6% on Saturday . The company traded as low as GBX 26.10 and last traded at GBX 26.50. 8,449,295 shares changed hands during mid-day trading, an increase of 230% from the average session volume of 2,564,155 shares. The stock had previously closed at GBX 29.30.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on EVOK shares. Berenberg Bank cut Evoke to a “hold” rating and lowered their price objective for the stock from GBX 95 to GBX 35 in a research report on Thursday. JPMorgan Chase & Co. decreased 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 shares of Evoke from GBX 88 to GBX 108 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Evoke currently has an average rating of “Moderate Buy” and an average price target of GBX 87.25.

Evoke Trading Down 9.6%

The stock has a market cap of £119.17 million, a PE 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 53.94.

About Evoke