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

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

Analyst Upgrades and Downgrades

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

Evoke Stock Down 9.6%

The business has a 50 day simple moving average of GBX 42.33 and a two-hundred day simple moving average of GBX 53.94. The firm has a market cap of £119.17 million, a PE ratio of -1.06 and a beta of 0.84.

Evoke Company Profile