Vertical Aerospace (NYSE:EVTL) Now Covered by HC Wainwright

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

Other equities research analysts have also issued research reports about the company. Raymond James reaffirmed a “market perform” rating on shares of Vertical Aerospace in a research report on Tuesday, November 26th. Canaccord Genuity Group cut their price target on shares of Vertical Aerospace from $16.00 to $13.50 and set a “buy” rating on the stock in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft decreased 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, Barclays increased their price target on Vertical Aerospace from $0.75 to $2.00 and gave the company an “underweight” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.13.

Vertical Aerospace Stock Up 3.6 %

NYSE:EVTL opened at $5.16 on Friday. The stock’s fifty day moving average price is $8.25 and its two-hundred day moving average price is $31.22. Vertical Aerospace has a 52-week low of $3.55 and a 52-week high of $15.99.

Vertical Aerospace (NYSE:EVTL) last issued its 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). 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.