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

Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report) has received an average rating of "Moderate Buy" from the six ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $11.10.

A number of brokerages have issued reports on EVTL. D. Boral Capital began 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. Canaccord Genuity Group reduced their target price on shares of Vertical Aerospace from $16.00 to $13.50 and set a "buy" rating on the stock in a report on Friday, January 24th. Finally, HC Wainwright assumed 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.

Institutional Investors Weigh In On Vertical Aerospace

Several hedge funds have recently modified their holdings of the business. Connective Capital Management LLC purchased a new stake in shares of Vertical Aerospace in the 4th quarter worth approximately $189,000. Renaissance Technologies LLC purchased a new stake in Vertical Aerospace during the fourth quarter valued at approximately $237,000. Bank of America Corp DE purchased a new stake in Vertical Aerospace during the fourth quarter valued at approximately $264,000. Jane Street Group LLC purchased a new stake in Vertical Aerospace during the fourth quarter valued at approximately $300,000. Finally, XTX Topco Ltd purchased a new stake in Vertical Aerospace during the first quarter valued at approximately $131,000. Hedge funds and other institutional investors own 81.17% of the company's stock.

Vertical Aerospace Trading Up 6.3%

Shares of Vertical Aerospace stock opened at $5.70 on Friday. The company's fifty day simple moving average is $3.77 and its 200-day simple moving average is $5.74. Vertical Aerospace has a 1-year low of $2.76 and a 1-year high of $15.99.

Vertical Aerospace (NYSE:EVTL - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $4.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.40) by $4.84. As a group, research analysts predict that Vertical Aerospace will post -3.95 EPS for the current year.

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.

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