Vertical Aerospace's (EVTL) "Buy" Rating Reiterated at D. Boral Capital

Key Points

• D. Boral Capital has reiterated a "buy" rating for Vertical Aerospace (NYSE:EVTL), setting a target price of $15.00, suggesting a potential upside of 214.47% from its previous close.
• Vertical Aerospace's stock recently traded at $4.77, with a 1-year trading range of $2.76 to $15.99.
• Consensus ratings show six analysts issued "buy" ratings, while one has a "hold" and another a "sell" rating, reflecting a general "Moderate Buy" sentiment among analysts.

D. Boral Capital reissued their buy rating on shares of Vertical Aerospace (NYSE:EVTL - Free Report) in a research note released on Thursday morning,Benzinga reports. The brokerage currently has a $15.00 target price on the stock.

EVTL has been the topic of a number of other research reports. Wall Street Zen lowered shares of Vertical Aerospace from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Cantor Fitzgerald assumed coverage on shares of Vertical Aerospace in a research report on Friday, August 22nd. They set an "overweight" rating and a $8.00 target price on the stock. HC Wainwright restated a "buy" rating and set a $15.00 target price (up previously from $12.00) on shares of Vertical Aerospace in a research report on Monday, June 9th. Canaccord Genuity Group reduced their price target on shares of Vertical Aerospace from $13.50 to $11.00 and set a "buy" rating on the stock in a research report on Monday, July 14th. Finally, Needham & Company LLC initiated coverage on shares of Vertical Aerospace in a research report on Thursday, July 17th. They set a "buy" rating and a $9.00 price target on the stock. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.43.

Vertical Aerospace Price Performance

Vertical Aerospace stock traded up $0.38 during trading hours on Thursday, hitting $6.11. The company had a trading volume of 2,300,871 shares, compared to its average volume of 909,074. The firm has a market cap of $601.53 million, a PE ratio of -0.12 and a beta of 1.24. Vertical Aerospace has a one year low of $2.76 and a one year high of $15.99. The firm has a 50-day moving average of $5.43 and a 200 day moving average of $4.92.

Vertical Aerospace (NYSE:EVTL - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported ($2.35) earnings per share for the quarter, missing the consensus estimate of ($0.43) by ($1.92). As a group, research analysts expect that Vertical Aerospace will post -3.95 earnings per share for the current year.

Hedge Funds Weigh In On Vertical Aerospace

Several large investors have recently modified their holdings of the business. SBI Securities Co. Ltd. raised its stake in Vertical Aerospace by 120.0% during the second quarter. SBI Securities Co. Ltd. now owns 3,788 shares of the company's stock worth $26,000 after buying an additional 2,066 shares during the last quarter. Jump Financial LLC acquired a new stake in Vertical Aerospace in the second quarter worth $91,000. CreativeOne Wealth LLC acquired a new stake in Vertical Aerospace in the second quarter worth $91,000. Watts Gwilliam & Co. LLC acquired a new stake in Vertical Aerospace in the second quarter worth $102,000. Finally, Raymond James Financial Inc. acquired a new stake in Vertical Aerospace in the second quarter worth $102,000. Institutional investors own 81.17% of the company's stock.

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.