Canaccord Genuity Group Reiterates “Buy” Rating for Vertical Aerospace (NYSE:EVTL)

Vertical Aerospace (NYSE:EVTL)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity Group in a report issued on Monday,Benzinga reports. They currently have a $16.00 price target on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 78.57% from the company’s current price.

EVTL has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Vertical Aerospace from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, December 3rd. Barclays upped their price target 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. Finally, Raymond James reiterated a “market perform” rating on shares of Vertical Aerospace in a research note on Tuesday, November 26th.

Vertical Aerospace Price Performance

EVTL stock opened at $8.96 on Monday. The firm has a 50-day simple moving average of $6.42 and a 200-day simple 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 posted its earnings results on Friday, December 20th. The company reported ($1.92) earnings per share for the quarter, missing the consensus estimate of ($1.34) by ($0.58). On average, analysts predict 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.