Vertical Aerospace (NYSE:EVTL) Given New $16.00 Price Target at Canaccord Genuity Group

Vertical Aerospace (NYSE:EVTL) had its price objective boosted by Canaccord Genuity Group from $15.00 to $16.00 in a research report report published on Tuesday morning,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Separately, Barclays raised their target price on shares of Vertical Aerospace from $0.75 to $2.00 and gave the stock an “underweight” rating in a research report on Thursday, November 21st.

Vertical Aerospace Stock Up 10.4 %

EVTL stock opened at $7.70 on Tuesday. Vertical Aerospace has a 12 month low of $3.55 and a 12 month high of $12.79. The firm’s 50-day moving average is $12.91 and its 200 day moving average is $56.23.

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.