Vertical Aerospace Ltd. (NYSE:EVTL) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Vertical Aerospace Ltd. (NYSE:EVTL) have been given an average recommendation of “Moderate Buy” by the seven analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $11.80.

EVTL has been the subject of a number of research reports. William Blair started coverage on shares of Vertical Aerospace in a report on Wednesday, January 7th. They issued an “outperform” rating for the company. Cantor Fitzgerald restated an “overweight” rating on shares of Vertical Aerospace in a research note on Monday, November 10th. D. Boral Capital reiterated a “buy” rating and issued a $14.00 price objective on shares of Vertical Aerospace in a research note on Wednesday, December 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 target price (up from $9.00) on shares of Vertical Aerospace in a report on Monday, December 15th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Vertical Aerospace in a research note on Wednesday, January 21st.

Institutional Trading of Vertical Aerospace

A number of large investors have recently made changes to their positions in EVTL. SBI Securities Co. Ltd. lifted its stake in Vertical Aerospace by 120.0% in the second quarter. SBI Securities Co. Ltd. now owns 3,788 shares of the company’s stock worth $26,000 after acquiring an additional 2,066 shares during the last quarter. EFG International AG acquired a new stake in shares of Vertical Aerospace in the 4th quarter valued at $27,000. Barclays PLC lifted its position in shares of Vertical Aerospace by 156.0% during the 4th quarter. Barclays PLC now owns 6,843 shares of the company’s stock worth $36,000 after purchasing an additional 4,170 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Vertical Aerospace by 144.3% during the third quarter. Jones Financial Companies Lllp now owns 8,211 shares of the company’s stock worth $45,000 after purchasing an additional 4,850 shares in the last quarter. Finally, Quarry LP purchased a new position in Vertical Aerospace in the third quarter valued at $49,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Vertical Aerospace Price Performance

Shares of Vertical Aerospace stock opened at $4.43 on Friday. The stock has a market capitalization of $441.56 million, a price-to-earnings ratio of -0.09 and a beta of 1.22. The business has a 50-day moving average of $5.32 and a 200 day moving average of $5.14. Vertical Aerospace has a 12 month low of $2.76 and a 12 month high of $7.60.

About Vertical Aerospace

Vertical Aerospace is a United Kingdom–based aerospace manufacturer specializing in the development of electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. Founded in 2016 by entrepreneur Stephen Fitzpatrick, the company is publicly listed on the New York Stock Exchange under the ticker EVTL. Vertical Aerospace’s mission is to deliver zero-emission, high-speed electric aircraft designed to transform short-haul journeys in densely populated areas.

The company’s flagship model, the VA-X4, is a piloted, five-seat eVTOL craft engineered for quiet operation, low running costs and minimal environmental impact.