Vertical Aerospace Ltd. (NYSE:EVTL) Given Consensus Rating of "Moderate Buy" by Brokerages

Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report) has been given an average rating of "Moderate Buy" by the six analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $11.10.

A number of analysts have issued reports on EVTL shares. D. Boral Capital assumed coverage on shares of Vertical Aerospace in a report on Thursday, March 27th. They issued a "buy" rating and a $15.00 price target on the stock. HC Wainwright started coverage on shares of Vertical Aerospace in a report on Friday, February 7th. They set a "buy" rating and a $12.00 price target on the stock. Finally, Canaccord Genuity Group reduced their target price on Vertical Aerospace from $16.00 to $13.50 and set a "buy" rating on the stock in a research note on Friday, January 24th.

Institutional Trading of Vertical Aerospace

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

Vertical Aerospace Stock Performance

Shares of EVTL stock traded up $0.20 during trading hours on Monday, reaching $3.87. The company had a trading volume of 50,811 shares, compared to its average volume of 169,829. The business has a fifty day moving average price of $3.79 and a 200-day moving average price of $5.94. Vertical Aerospace has a one year low of $2.76 and a one year high of $15.99.

Vertical Aerospace (NYSE:EVTL - Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The company reported ($46.25) EPS for the quarter, missing analysts' consensus estimates of ($0.74) by ($45.51). As a group, equities research 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.