Vertical Aerospace (NYSE:EVTL) Rating Reiterated by Canaccord Genuity Group

Vertical Aerospace (NYSE:EVTL)‘s stock had its “buy” rating restated by equities research analysts at Canaccord Genuity Group in a research report issued on Friday, Benzinga reports. They presently have a $1.50 price target on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 69.70% from the stock’s current price.

Separately, Deutsche Bank Aktiengesellschaft upgraded Vertical Aerospace from a “hold” rating to a “buy” rating and raised their target price for the company from $1.00 to $1.50 in a research note on Tuesday, July 23rd.

Vertical Aerospace Stock Performance

NYSE EVTL opened at $0.88 on Friday. The stock’s 50 day simple moving average is $0.86 and its 200 day simple moving average is $0.81. Vertical Aerospace has a one year low of $0.51 and a one year high of $1.62.

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.