D. Boral Capital Reaffirms "Buy" Rating for Vertical Aerospace (NYSE:EVTL)

D. Boral Capital restated their buy rating on shares of Vertical Aerospace (NYSE:EVTL - Free Report) in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a $15.00 target price on the stock.

Separately, HC Wainwright reaffirmed a "buy" rating and set a $15.00 price objective (up from $12.00) on shares of Vertical Aerospace in a research report on Monday, June 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $11.70.

Vertical Aerospace Price Performance

EVTL stock traded down $0.15 during trading hours on Thursday, reaching $4.85. 1,640,495 shares of the stock were exchanged, compared to its average volume of 369,534. The firm's 50-day moving average is $5.54 and its 200-day moving average is $5.55. Vertical Aerospace has a 12 month low of $2.76 and a 12 month high of $15.99.

Vertical Aerospace (NYSE:EVTL - Get Free Report) last posted its quarterly earnings results 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. Equities analysts forecast that Vertical Aerospace will post -3.95 EPS for the current fiscal year.

Institutional Trading of Vertical Aerospace

A number of institutional investors have recently bought and sold shares of EVTL. Mudrick Capital Management L.P. increased its position in shares of Vertical Aerospace by 11,735.9% in the fourth quarter. Mudrick Capital Management L.P. now owns 47,343,585 shares of the company's stock worth $595,582,000 after purchasing an additional 46,943,585 shares during the period. Jane Street Group LLC bought a new stake in Vertical Aerospace during the fourth quarter worth $300,000. Renaissance Technologies LLC bought a new stake in Vertical Aerospace during the fourth quarter worth $237,000. Bank of America Corp DE bought a new stake in Vertical Aerospace during the fourth quarter worth $264,000. Finally, Connective Capital Management LLC bought a new stake in Vertical Aerospace during the fourth quarter worth $189,000. Institutional investors own 81.17% of the company's stock.

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.