Evoke (LON:EVOK) Shares Down 2.7% – Here’s Why

Evoke plc (LON:EVOK) dropped 2.7% during trading on Thursday . The stock traded as low as GBX 29.50 and last traded at GBX 30.15. Approximately 593,479 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 2,624,573 shares. The stock had previously closed at GBX 31.

Wall Street Analyst Weigh In

EVOK has been the topic of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of Evoke from GBX 66 to GBX 34 and set a “neutral” rating on the stock in a research note on Tuesday, December 2nd. Berenberg Bank reiterated a “hold” rating and set a GBX 33 price target on shares of Evoke in a research report on Tuesday, January 20th. Finally, Deutsche Bank Aktiengesellschaft downgraded Evoke to a “hold” rating and cut their price target for the stock from GBX 108 to GBX 35 in a report on Friday, January 23rd. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of GBX 34.

Evoke Trading Up 2.2%

The firm’s 50-day simple moving average is GBX 24.48 and its 200 day simple moving average is GBX 39.24. The stock has a market cap of £138.56 million, a P/E ratio of -1.23 and a beta of 0.84.

Evoke Company Profile