Vertical Aerospace (NYSE:EVTL - Get Free Report) had its target price cut by equities researchers at Canaccord Genuity Group from $13.50 to $11.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price target points to a potential upside of 69.36% from the company's previous close.
Several other analysts have also issued reports on the company. HC Wainwright reissued a "buy" rating and set a $15.00 price target (up previously from $12.00) on shares of Vertical Aerospace in a report on Monday, June 9th. D. Boral Capital reaffirmed a "buy" rating and issued a $15.00 price objective on shares of Vertical Aerospace in a research note on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Vertical Aerospace presently has an average rating of "Moderate Buy" and a consensus price target of $10.83.
Check Out Our Latest Stock Analysis on EVTL
Vertical Aerospace Price Performance
Shares of Vertical Aerospace stock traded up $0.81 during trading on Monday, hitting $6.50. 4,527,909 shares of the stock traded hands, compared to its average volume of 419,488. The firm's fifty day moving average is $5.62 and its 200-day moving average is $5.38. Vertical Aerospace has a 52 week low of $2.76 and a 52 week high of $15.99.
Vertical Aerospace (NYSE:EVTL - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported $4.44 earnings per share for the quarter, topping the consensus estimate of ($0.40) by $4.84. Sell-side analysts forecast that Vertical Aerospace will post -3.95 EPS for the current fiscal year.
Hedge Funds Weigh In On Vertical Aerospace
A number of hedge funds have recently made changes to their positions in EVTL. Goldman Sachs Group Inc. bought a new stake in shares of Vertical Aerospace in the 1st quarter worth about $102,000. XTX Topco Ltd acquired a new stake in shares of Vertical Aerospace in the 1st quarter worth approximately $131,000. Connective Capital Management LLC acquired a new stake in shares of Vertical Aerospace in the 4th quarter worth approximately $189,000. Renaissance Technologies LLC acquired a new stake in Vertical Aerospace during the fourth quarter valued at approximately $237,000. Finally, Bank of America Corp DE acquired a new stake in Vertical Aerospace during the fourth quarter valued at approximately $264,000. Institutional investors and hedge funds own 81.17% of the company's stock.
About Vertical Aerospace
(
Get Free Report)
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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