Canaccord Genuity Group Lowers Vertical Aerospace (NYSE:EVTL) Price Target to $13.50

Vertical Aerospace (NYSE:EVTL) had its target price lowered by Canaccord Genuity Group from $16.00 to $13.50 in a report published on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts have also recently commented on EVTL. Raymond James reaffirmed a “market perform” rating on shares of Vertical Aerospace in a report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Vertical Aerospace from $15.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, December 3rd. Finally, Barclays upped their price target on shares of Vertical Aerospace from $0.75 to $2.00 and gave the stock an “underweight” rating in a research report on Thursday, November 21st.

Vertical Aerospace Price Performance

EVTL stock opened at $5.62 on Friday. The business’s 50-day moving average is $8.56 and its two-hundred day moving average is $36.38. Vertical Aerospace has a fifty-two week low of $3.55 and a fifty-two week high of $15.99.

Vertical Aerospace (NYSE:EVTL) last posted its quarterly earnings data on Friday, December 20th. The company reported ($1.92) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.34) by ($0.58). Equities research analysts forecast that Vertical Aerospace will post -4.35 earnings per share for the current fiscal year.

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.