Vertical Aerospace Ltd. (NYSE:EVTL) Receives $11.10 Average Target Price from Analysts

Shares of Vertical Aerospace Ltd. (NYSE:EVTL) have received an average recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $11.10.

EVTL has been the subject of a number of research reports. D. Boral Capital started coverage on Vertical Aerospace in a research note on Thursday. They set a “buy” rating and a $15.00 target price for the company. HC Wainwright initiated coverage on shares of Vertical Aerospace in a research report on Friday, February 7th. They set a “buy” rating and a $12.00 price objective for the company. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Vertical Aerospace from $15.00 to $13.00 and set a “buy” rating on the stock in a research 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 for the company in a report on Friday, January 24th.

Institutional Investors Weigh In On Vertical Aerospace

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Connective Capital Management LLC acquired a new stake in shares of Vertical Aerospace in the fourth quarter valued at about $189,000. Bank of America Corp DE bought a new position in Vertical Aerospace in the fourth quarter valued at approximately $264,000. Jane Street Group LLC acquired a new position in shares of Vertical Aerospace during the 4th quarter worth approximately $300,000. Marshall Wace LLP bought a new stake in shares of Vertical Aerospace during the 4th quarter worth approximately $630,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Vertical Aerospace in the 4th quarter valued at approximately $237,000. 81.17% of the stock is owned by institutional investors.

Vertical Aerospace Trading Down 4.2 %

EVTL opened at $3.44 on Thursday. Vertical Aerospace has a twelve month low of $3.16 and a twelve month high of $15.99. The firm’s fifty day moving average is $4.80 and its two-hundred day moving average is $10.87.

Vertical Aerospace (NYSE:EVTL) last issued its quarterly earnings data on Thursday, March 13th. The company reported ($46.25) EPS for the quarter, missing the consensus estimate of ($0.74) by ($45.51). As a group, equities analysts expect that Vertical Aerospace will post -3.95 earnings per share for the current 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.