Vertical Aerospace (NYSE:EVTL) Coverage Initiated at D. Boral Capital

D. Boral Capital assumed coverage on shares of Vertical Aerospace (NYSE:EVTL) in a report issued on Thursday morning, Marketbeat.com reports. The firm issued a buy rating and a $15.00 price objective on the stock.

Other research analysts have also issued reports about the stock. HC Wainwright initiated coverage on shares of Vertical Aerospace in a report on Friday, February 7th. They issued a “buy” rating and a $12.00 price target for the company. Deutsche Bank Aktiengesellschaft lowered their target price on Vertical Aerospace from $15.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, December 3rd. Finally, Canaccord Genuity Group dropped their price target on Vertical Aerospace from $16.00 to $13.50 and set a “buy” rating on the stock in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Vertical Aerospace currently has an average rating of “Moderate Buy” and a consensus price target of $11.10.

Vertical Aerospace Stock Performance

Shares of NYSE EVTL opened at $3.62 on Thursday. The stock’s 50 day moving average price is $4.92 and its two-hundred day moving average price is $11.35. Vertical Aerospace has a 52-week low of $3.16 and a 52-week high of $15.99.

Vertical Aerospace (NYSE:EVTL) last posted its quarterly earnings results on Thursday, March 13th. The company reported ($46.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.74) by ($45.51). On average, analysts anticipate that Vertical Aerospace will post -3.95 EPS for the current year.

Institutional Trading of Vertical Aerospace

Hedge funds have recently added to or reduced their stakes in the business. Connective Capital Management LLC bought a new position in shares of Vertical Aerospace in the fourth quarter worth $189,000. Renaissance Technologies LLC acquired a new stake in Vertical Aerospace in the fourth quarter worth about $237,000. Bank of America Corp DE bought a new position in Vertical Aerospace in the 4th quarter valued at about $264,000. Jane Street Group LLC acquired a new position in Vertical Aerospace during the 4th quarter valued at about $300,000. Finally, Marshall Wace LLP bought a new stake in shares of Vertical Aerospace during the 4th quarter worth about $630,000. Institutional investors own 81.17% of the company’s stock.

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.