Vertical Aerospace (NYSE:EVTL) Now Covered by Analysts at D. Boral Capital

Equities research analysts at D. Boral Capital started coverage on shares of Vertical Aerospace (NYSE:EVTL) in a research note issued on Thursday, MarketBeat.com reports. The brokerage set a “buy” rating and a $15.00 price target on the stock. D. Boral Capital’s price target would suggest a potential upside of 336.05% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. HC Wainwright began coverage on shares of Vertical Aerospace in a research report on Friday, February 7th. They issued a “buy” rating and a $12.00 target price for the company. Deutsche Bank Aktiengesellschaft cut their price objective on Vertical Aerospace from $15.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, December 3rd. Finally, Canaccord Genuity Group lowered their target price on Vertical Aerospace from $16.00 to $13.50 and set a “buy” rating on the stock in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Vertical Aerospace has a consensus rating of “Moderate Buy” and an average target price of $11.10.

Vertical Aerospace Stock Performance

Shares of NYSE EVTL opened at $3.44 on Thursday. The firm’s 50-day simple moving average is $4.80 and its 200 day simple moving average is $11.30. Vertical Aerospace has a fifty-two week low of $3.16 and a fifty-two week high of $15.99.

Vertical Aerospace (NYSE:EVTL) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($46.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.74) by ($45.51). On average, sell-side analysts expect that Vertical Aerospace will post -3.95 EPS for the current fiscal year.

Institutional Investors Weigh In On Vertical Aerospace

Several large investors have recently made changes to their positions in the stock. Mudrick Capital Management L.P. boosted its stake in shares of Vertical Aerospace by 11,735.9% during the 4th quarter. Mudrick Capital Management L.P. now owns 47,343,585 shares of the company’s stock worth $595,582,000 after buying an additional 46,943,585 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Vertical Aerospace in the fourth quarter valued at about $630,000. Jane Street Group LLC acquired a new stake in shares of Vertical Aerospace in the fourth quarter valued at about $300,000. Bank of America Corp DE bought a new stake in Vertical Aerospace during the fourth quarter worth about $264,000. Finally, Renaissance Technologies LLC acquired a new position in Vertical Aerospace during the fourth quarter valued at approximately $237,000. Institutional investors own 81.17% of the company’s stock.

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.