Vertical Aerospace (NYSE:EVTL - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at Canaccord Genuity Group in a note issued to investors on Friday, Benzinga reports. They currently have a $1.50 target price on the stock. Canaccord Genuity Group's price objective points to a potential upside of 69.70% from the company's current price.
Separately, Deutsche Bank Aktiengesellschaft raised shares of Vertical Aerospace from a "hold" rating to a "buy" rating and increased their price target for the company from $1.00 to $1.50 in a report on Tuesday, July 23rd.
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Vertical Aerospace Stock Up 12.1 %
Shares of EVTL traded up $0.10 during midday trading on Friday, hitting $0.88. 442,474 shares of the company traded hands, compared to its average volume of 309,820. The firm has a 50 day moving average of $0.86 and a 200-day moving average of $0.81. Vertical Aerospace has a 52 week low of $0.51 and a 52 week high of $1.62.
About Vertical Aerospace
(
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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. The company was founded in 2016 and is headquartered in Bristol, the United Kingdom.
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