Vertical Aerospace’s (EVTL) Buy Rating Reiterated at Canaccord Genuity Group

Vertical Aerospace (NYSE:EVTL)‘s stock had its “buy” rating reissued by equities researchers at Canaccord Genuity Group in a research note issued to investors on Monday,Benzinga reports. They presently have a $16.00 price target on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 78.57% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Barclays boosted their target price on Vertical Aerospace from $0.75 to $2.00 and gave the stock an “underweight” rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Vertical Aerospace from $15.00 to $13.00 and set a “buy” rating on the stock in a 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 Performance

EVTL stock opened at $8.96 on Monday. The company has a 50-day moving average of $6.42 and a two-hundred day moving average of $47.33. Vertical Aerospace has a 52-week low of $3.55 and a 52-week high of $12.79.

Vertical Aerospace (NYSE:EVTL) last released its earnings results on Friday, December 20th. The company reported ($1.92) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.34) by ($0.58). Equities analysts anticipate that Vertical Aerospace will post -4.18 EPS 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.