Evoke (LON:EVOK) Trading Down 18.3% – Here’s What Happened

Shares of Evoke plc (LON:EVOK) were down 18.3% on Wednesday . The company traded as low as GBX 28.95 and last traded at GBX 30.55. Approximately 13,659,472 shares were traded during mid-day trading, an increase of 441% from the average daily volume of 2,525,340 shares. The stock had previously closed at GBX 37.40.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their price target on Evoke from GBX 82 to GBX 66 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft raised their price objective on Evoke from GBX 88 to GBX 108 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 95 target price on shares of Evoke in a research report on Thursday, August 21st. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 102.25.

Evoke Stock Performance

The business has a fifty day simple moving average of GBX 42.88 and a 200-day simple moving average of GBX 54.11. The firm has a market cap of £119.17 million, a price-to-earnings ratio of -1.06 and a beta of 0.84.

Evoke Company Profile