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

Evoke plc (LON:EVOK) fell 9.6% on Friday . 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 Analyst Weigh In

Several analysts have issued reports on the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 95 price objective on shares of Evoke in a research report on Thursday, August 21st. Deutsche Bank Aktiengesellschaft upped their target price 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. Finally, JPMorgan Chase & Co. lowered 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. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 102.25.

Evoke Stock Performance

The firm has a fifty day simple moving average of GBX 42.88 and a 200-day simple moving average of GBX 54.11. The company has a market capitalization of £119.17 million, a PE ratio of -1.06 and a beta of 0.84.

About Evoke