Vertical Aerospace Ltd. (NYSE:EVTL) Receives $11.10 Average Target Price from Brokerages

Vertical Aerospace Ltd. (NYSE:EVTL) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $11.10.

EVTL has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on Vertical Aerospace from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, December 3rd. HC Wainwright initiated coverage on Vertical Aerospace in a report on Friday, February 7th. They issued a “buy” rating and a $12.00 price objective on the stock. Canaccord Genuity Group decreased their target price on Vertical Aerospace from $16.00 to $13.50 and set a “buy” rating for the company in a report on Friday, January 24th. Finally, D. Boral Capital initiated coverage on shares of Vertical Aerospace in a report on Thursday, March 27th. They issued a “buy” rating and a $15.00 price target on the stock.

Institutional Trading of Vertical Aerospace

A number of hedge funds have recently made changes to their positions in the company. Connective Capital Management LLC purchased a new stake in shares of Vertical Aerospace during the fourth quarter worth about $189,000. Renaissance Technologies LLC acquired a new stake in Vertical Aerospace during the 4th quarter valued at approximately $237,000. Bank of America Corp DE purchased a new stake in Vertical Aerospace during the 4th quarter worth approximately $264,000. Jane Street Group LLC acquired a new position in shares of Vertical Aerospace in the 4th quarter valued at approximately $300,000. Finally, Marshall Wace LLP purchased a new position in shares of Vertical Aerospace during the 4th quarter valued at approximately $630,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Vertical Aerospace Trading Down 0.6 %

NYSE EVTL opened at $3.39 on Thursday. The business’s 50-day moving average price is $4.68 and its 200 day moving average price is $9.96. Vertical Aerospace has a twelve month low of $3.16 and a twelve month high of $15.99.

Vertical Aerospace (NYSE:EVTL) last released its earnings results on Thursday, March 13th. The company reported ($46.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.74) by ($45.51). As a group, research analysts anticipate that Vertical Aerospace will post -3.95 earnings per share for the current 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.