Vertical Aerospace (NYSE:EVTL) Earns Buy Rating from Analysts at HC Wainwright

HC Wainwright assumed coverage on shares of Vertical Aerospace (NYSE:EVTL) in a research note released on Friday, MarketBeat reports. The brokerage issued a buy rating and a $12.00 target price on the stock.

A number of other equities analysts also recently issued reports on the company. Canaccord Genuity Group cut their target price on Vertical Aerospace from $16.00 to $13.50 and set a “buy” rating for the company in a research note on Friday, January 24th. Raymond James reiterated a “market perform” rating on shares of Vertical Aerospace in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft dropped 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 company an “underweight” rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Vertical Aerospace currently has an average rating of “Hold” and an average target price of $10.13.

Vertical Aerospace Trading Up 3.6 %

EVTL opened at $5.16 on Friday. Vertical Aerospace has a one year low of $3.55 and a one year high of $15.99. The business’s 50-day simple moving average is $8.25 and its 200-day simple moving average is $30.38.

Vertical Aerospace (NYSE:EVTL) last posted its quarterly earnings data on Friday, December 20th. The company reported ($1.92) EPS for the quarter, missing analysts’ consensus estimates of ($1.34) by ($0.58). On average, sell-side analysts anticipate 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.