Vertical Aerospace (NYSE:EVTL) Shares Set to Reverse Split on Monday, September 23rd

Vertical Aerospace Ltd. (NYSE:EVTL) shares are set to reverse split before the market opens on Monday, September 23rd. The 1-10 reverse split was announced on Monday, September 16th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, September 20th.

Vertical Aerospace Price Performance

Shares of NYSE:EVTL opened at $0.78 on Thursday. Vertical Aerospace has a 1 year low of $0.51 and a 1 year high of $1.62. The business’s 50 day simple moving average is $0.86 and its 200 day simple moving average is $0.81.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised Vertical Aerospace from a “hold” rating to a “buy” rating and increased their price target for the stock from $1.00 to $1.50 in a research report on Tuesday, July 23rd. Canaccord Genuity Group reissued a “buy” rating and set a $1.50 price target on shares of Vertical Aerospace in a research report on Friday, September 13th.

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