Vertical Aerospace (NYSE:EVTL) Issues Quarterly Earnings Results

Vertical Aerospace (NYSE:EVTL) posted its quarterly earnings data on Friday. The company reported ($1.92) earnings per share for the quarter, missing the consensus estimate of ($1.34) by ($0.58), Zacks reports.

Vertical Aerospace Trading Up 2.5 %

Shares of NYSE:EVTL opened at $7.89 on Friday. The company has a 50 day moving average of $6.39 and a 200-day moving average of $48.09. Vertical Aerospace has a one year low of $3.55 and a one year high of $12.79.

Wall Street Analyst Weigh In

A number of research firms have commented on EVTL. Raymond James reissued a “market perform” rating on shares of Vertical Aerospace in a research note on Tuesday, November 26th. Barclays raised their price objective on shares of Vertical Aerospace from $0.75 to $2.00 and gave the company an “underweight” rating in a research report on Thursday, November 21st. Canaccord Genuity Group upped their target price on shares of Vertical Aerospace from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target 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.

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.