Canaccord Genuity Group Raises Vertical Aerospace (NYSE:EVTL) Price Target to $16.00

Vertical Aerospace (NYSE:EVTL) had its target price increased by research analysts at Canaccord Genuity Group from $15.00 to $16.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 84.12% from the stock’s previous close.

Separately, Barclays lifted their price target on Vertical Aerospace from $0.75 to $2.00 and gave the company an “underweight” rating in a research note on Thursday, November 21st.

Vertical Aerospace Price Performance

Shares of EVTL stock opened at $8.69 on Tuesday. The business has a 50-day simple moving average of $11.24 and a 200-day simple moving average of $55.76. Vertical Aerospace has a 52-week low of $3.55 and a 52-week high of $12.79.

Vertical Aerospace Company Profile

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.