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

Canaccord Genuity Group reissued their buy rating on shares of Vertical Aerospace (NYSE:EVTL) in a report released on Monday,Benzinga reports. The brokerage currently has a $16.00 price target on the stock.

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

Vertical Aerospace Stock Up 20.8 %

Shares of NYSE EVTL opened at $8.96 on Monday. Vertical Aerospace has a 1 year low of $3.55 and a 1 year high of $12.79. The stock’s 50-day simple moving average is $6.53 and its 200-day simple moving average is $46.45.

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