Vertical Aerospace (NYSE:EVTL) Stock Rating Reaffirmed by Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Vertical Aerospace (NYSE:EVTL) in a research note released on Friday, Benzinga reports. Canaccord Genuity Group currently has a $1.50 price objective on the stock.

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Vertical Aerospace from a hold rating to a buy rating and upped their target price for the company from $1.00 to $1.50 in a research report on Tuesday, July 23rd.

Vertical Aerospace Stock Up 3.0 %

Vertical Aerospace stock opened at $0.91 on Friday. Vertical Aerospace has a 52-week low of $0.51 and a 52-week high of $1.62. The firm’s fifty day moving average is $0.86 and its 200 day moving average is $0.81.

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. The company was founded in 2016 and is headquartered in Bristol, the United Kingdom.