Vertical Aerospace Ltd. (NYSE:EVTL) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $11.10.

A number of brokerages have recently weighed in on EVTL. HC Wainwright assumed coverage on shares of Vertical Aerospace in a research note on Friday, February 7th. They set a "buy" rating and a $12.00 price objective for the company. Deutsche Bank Aktiengesellschaft dropped their price target on Vertical Aerospace from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Tuesday, December 3rd. D. Boral Capital began coverage on Vertical Aerospace in a report on Thursday. They issued a "buy" rating and a $15.00 price target for the company. Finally, Canaccord Genuity Group decreased their price objective on Vertical Aerospace from $16.00 to $13.50 and set a "buy" rating on the stock in a research note on Friday, January 24th.

Institutional Investors Weigh In On Vertical Aerospace

Several hedge funds have recently made changes to their positions in the business. Mudrick Capital Management L.P. lifted its position in Vertical Aerospace by 11,735.9% during the fourth quarter. Mudrick Capital Management L.P. now owns 47,343,585 shares of the company's stock worth $595,582,000 after buying an additional 46,943,585 shares during the period. Marshall Wace LLP acquired a new position in shares of Vertical Aerospace during the 4th quarter valued at about $630,000. Jane Street Group LLC purchased a new position in shares of Vertical Aerospace during the 4th quarter worth about $300,000. Bank of America Corp DE acquired a new stake in shares of Vertical Aerospace in the fourth quarter worth approximately $264,000. Finally, Renaissance Technologies LLC purchased a new stake in Vertical Aerospace in the fourth quarter valued at approximately $237,000. Institutional investors and hedge funds own 81.17% of the company's stock.

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Vertical Aerospace Stock Up 1.7 %

Vertical Aerospace stock traded up $0.06 during trading hours on Thursday, hitting $3.47. The stock had a trading volume of 117,641 shares, compared to its average volume of 159,026. Vertical Aerospace has a 1-year low of $3.16 and a 1-year high of $15.99. The stock's fifty day moving average is $4.80 and its two-hundred day moving average is $10.43.

Vertical Aerospace (NYSE:EVTL - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The company reported ($46.25) EPS for the quarter, missing analysts' consensus estimates of ($0.74) by ($45.51). Analysts predict that Vertical Aerospace will post -3.95 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.