Vertical Aerospace (NYSE:EVTL) Earns Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Vertical Aerospace (NYSE:EVTL) in a report issued on Monday,Benzinga reports. They currently have a $16.00 target price on the stock.

Other analysts have also issued reports about the company. Raymond James reaffirmed a “market perform” rating on shares of Vertical Aerospace in a research report on Tuesday, November 26th. Barclays lifted their price objective on Vertical Aerospace from $0.75 to $2.00 and gave the stock an “underweight” rating in a report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Vertical Aerospace from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, December 3rd.

Vertical Aerospace Stock Down 6.0 %

Shares of NYSE:EVTL opened at $7.42 on Monday. The company has a 50 day moving average of $6.39 and a two-hundred day moving average of $47.79. Vertical Aerospace has a 52-week low of $3.55 and a 52-week high of $12.79.

Vertical Aerospace (NYSE:EVTL) last released its quarterly earnings results on Friday, December 20th. The company reported ($1.92) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.34) by ($0.58). Research analysts anticipate that Vertical Aerospace will post -4.18 EPS for the current fiscal year.

About Vertical Aerospace

Vertical Aerospace Ltd., an aerospace and technology company, engages in designing, manufacturing, and selling zero operating emission electric vertical takeoff and landing (eVTOL) aircraft for use in the advanced air mobility in the United Kingdom. It offers VX4, an eVTOL aircraft. Vertical Aerospace Ltd.