Vertical Aerospace (NYSE:EVTL) Given New $13.50 Price Target at Canaccord Genuity Group

Vertical Aerospace (NYSE:EVTL) had its price target cut by Canaccord Genuity Group from $16.00 to $13.50 in a report issued on Friday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently weighed in on the company. Raymond James restated a “market perform” rating on shares of Vertical Aerospace in a report on Tuesday, November 26th. Barclays raised their target price 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. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Vertical Aerospace from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, December 3rd.

Vertical Aerospace Trading Up 5.0 %

Vertical Aerospace stock opened at $5.62 on Friday. Vertical Aerospace has a 1 year low of $3.55 and a 1 year high of $15.99. The firm’s 50 day moving average price is $8.56 and its 200-day moving average price is $37.04.

Vertical Aerospace (NYSE:EVTL) last announced its quarterly earnings results on Friday, December 20th. The company reported ($1.92) EPS for the quarter, missing the consensus estimate of ($1.34) by ($0.58). On average, equities analysts forecast that Vertical Aerospace will post -4.35 EPS for the current 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.