Canaccord Genuity Group Raises Vertical Aerospace (NYSE:EVTL) Price Target to $16.00

Vertical Aerospace (NYSE:EVTL) had its target price boosted by investment analysts at Canaccord Genuity Group from $15.00 to $16.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 84.12% from the company’s current price.

Separately, Barclays lifted their price target on Vertical Aerospace from $0.75 to $2.00 and gave the company an “underweight” rating in a report on Thursday, November 21st.

Vertical Aerospace Stock Performance

EVTL opened at $8.69 on Tuesday. Vertical Aerospace has a 52 week low of $3.55 and a 52 week high of $12.79. The stock’s fifty day moving average is $11.24 and its two-hundred day moving average is $55.76.

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.