HC Wainwright initiated coverage on shares of Vertical Aerospace (NYSE:EVTL - Free Report) in a report issued on Friday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $12.00 price objective on the stock.
Other research analysts have also issued research reports about the company. Raymond James reissued a "market perform" rating on shares of Vertical Aerospace in a research report on Tuesday, November 26th. Barclays upped their price objective on shares of Vertical Aerospace from $0.75 to $2.00 and gave the stock an "underweight" rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lowered their target price on shares of 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 lowered their price objective on Vertical Aerospace from $16.00 to $13.50 and set a "buy" rating for the company in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Vertical Aerospace presently has a consensus rating of "Hold" and a consensus price target of $10.13.
Check Out Our Latest Research Report on Vertical Aerospace
Vertical Aerospace Stock Performance
Shares of Vertical Aerospace stock traded down $0.09 during trading on Friday, reaching $5.14. 256,747 shares of the stock were exchanged, compared to its average volume of 640,830. Vertical Aerospace has a 1 year low of $3.55 and a 1 year high of $15.99. The stock's fifty day moving average is $8.19 and its 200 day moving average is $29.73.
Vertical Aerospace (NYSE:EVTL - Get Free Report) last announced its earnings results on Friday, December 20th. The company reported ($1.92) EPS for the quarter, missing analysts' consensus estimates of ($1.34) by ($0.58). Sell-side analysts expect that Vertical Aerospace will post -4.35 EPS for the current year.
Vertical Aerospace Company Profile
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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. Vertical Aerospace Ltd.
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