Evoke (LON:EVOK) Stock Price Down 9.6% – What’s Next?

Evoke plc (LON:EVOK) traded down 9.6% during mid-day trading 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 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 analysts recently commented on EVOK shares. Deutsche Bank Aktiengesellschaft raised 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 lowered shares of Evoke to a “hold” rating and lowered their target price for the stock from GBX 95 to GBX 35 in a research note on Thursday. Finally, JPMorgan Chase & Co. dropped their target price on Evoke from GBX 82 to GBX 66 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 87.25.

Evoke Price Performance

The company’s fifty day simple moving average is GBX 42.33 and its 200-day simple moving average is GBX 53.94. The firm has a market capitalization of £119.17 million, a PE ratio of -1.06 and a beta of 0.84.

About Evoke