Raymond James Reiterates “Market Perform” Rating for Vertical Aerospace (NYSE:EVTL)

Raymond James reissued their market perform rating on shares of Vertical Aerospace (NYSE:EVTL) in a research note released on Tuesday,Benzinga reports.

A number of other analysts have also recently issued reports on the company. Barclays increased their target price on Vertical Aerospace from $0.75 to $2.00 and gave the stock an “underweight” rating in a research note on Thursday, November 21st. Canaccord Genuity Group raised their price objective on shares of Vertical Aerospace from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday.

Vertical Aerospace Stock Performance

Vertical Aerospace stock opened at $7.70 on Tuesday. The business has a 50-day moving average of $12.91 and a 200-day moving average of $56.23. Vertical Aerospace has a 1 year low of $3.55 and a 1 year high of $12.79.

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.