Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Vertical Aerospace (NYSE:EVTL) Stock Price

Vertical Aerospace (NYSE:EVTL) had its price target lowered by research analysts at Deutsche Bank Aktiengesellschaft from $15.00 to $13.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 73.80% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Canaccord Genuity Group upped their price objective on shares of Vertical Aerospace from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Raymond James reaffirmed a “market perform” rating on shares of Vertical Aerospace in a research report on Tuesday, November 26th. Finally, Barclays upped their target price on shares of Vertical Aerospace from $0.75 to $2.00 and gave the company an “underweight” rating in a research note on Thursday, November 21st.

Vertical Aerospace Stock Down 0.7 %

Shares of EVTL opened at $7.48 on Tuesday. The company has a 50-day simple moving average of $6.02 and a 200-day simple moving average of $53.52. Vertical Aerospace has a 52 week low of $3.55 and a 52 week high of $12.79.

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.