Canaccord Genuity Group Reiterates Buy Rating for Vertical Aerospace (NYSE:EVTL)

Vertical Aerospace (NYSE:EVTL)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity Group in a note issued to investors on Monday,Benzinga reports. They currently have a $16.00 target price on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 102.79% from the stock’s previous close.

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

Vertical Aerospace Stock Up 2.5 %

Shares of EVTL stock opened at $7.89 on Monday. Vertical Aerospace has a 12 month low of $3.55 and a 12 month high of $12.79. The company has a 50 day simple moving average of $6.39 and a two-hundred day simple moving average of $47.94.

Vertical Aerospace (NYSE:EVTL) last posted its quarterly earnings data on Friday, December 20th. The company reported ($1.92) EPS for the quarter, missing the consensus estimate of ($1.34) by ($0.58). On average, research analysts expect 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.