Vertical Aerospace Ltd. (NYSE:EVTL – Get Free Report)’s share price fell 4.2% during mid-day trading on Monday . The company traded as low as $6.29 and last traded at $6.32. 6,974 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 31,746 shares. The stock had previously closed at $6.60.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on EVTL. Canaccord Genuity Group reiterated a “buy” rating and set a $1.50 price target on shares of Vertical Aerospace in a research report on Friday, September 13th. Deutsche Bank Aktiengesellschaft raised Vertical Aerospace from a “hold” rating to a “buy” rating and increased their target price for the company from $1.00 to $1.50 in a research note on Tuesday, July 23rd.
View Our Latest Analysis on Vertical Aerospace
Vertical Aerospace Stock Down 15.2 %
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. The company was founded in 2016 and is headquartered in Bristol, the United Kingdom.
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