Canaccord Genuity Group Issues Pessimistic Forecast for Vertical Aerospace (NYSE:EVTL) Stock Price

Vertical Aerospace (NYSE:EVTL) had its target price reduced by Canaccord Genuity Group from $16.00 to $13.50 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 140.43% from the company’s previous close.

A number of other equities research analysts have also commented on the company. Deutsche Bank Aktiengesellschaft dropped their price target 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. Raymond James reiterated a “market perform” rating on shares of Vertical Aerospace in a research note on Tuesday, November 26th. Finally, Barclays increased their price objective on Vertical Aerospace from $0.75 to $2.00 and gave the company an “underweight” rating in a report on Thursday, November 21st.

Vertical Aerospace Trading Up 5.0 %

Vertical Aerospace stock opened at $5.62 on Friday. Vertical Aerospace has a 12-month low of $3.55 and a 12-month high of $15.99. The business’s 50-day simple moving average is $8.56 and its 200 day simple moving average is $36.75.

Vertical Aerospace (NYSE:EVTL) last announced its quarterly earnings data on Friday, December 20th. The company reported ($1.92) EPS for the quarter, missing analysts’ consensus estimates of ($1.34) by ($0.58). Equities research analysts forecast that Vertical Aerospace will post -4.35 EPS for the current fiscal year.

Vertical Aerospace Company Profile

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.