Analysts Set Vertical Aerospace Ltd. (NYSE:EVTL) Target Price at $11.30

Shares of Vertical Aerospace Ltd. (NYSE:EVTL – Get Free Report) have been assigned an average recommendation of “Hold” from the ten ratings firms that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $11.30.

EVTL has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Vertical Aerospace in a report on Monday, July 27th. D. Boral Capital reiterated a “buy” rating and set a $12.00 price target on shares of Vertical Aerospace in a research report on Thursday, April 16th. Weiss Ratings cut Vertical Aerospace from a “sell (d)” rating to a “sell (e+)” rating in a research note on Friday, May 22nd. Canaccord Genuity Group increased their price target on Vertical Aerospace from $9.50 to $10.50 and gave the stock a “buy” rating in a research note on Monday, April 20th. Finally, Barclays raised Vertical Aerospace to a “strong sell” rating in a report on Wednesday, July 29th.

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Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. acquired a new position in shares of Vertical Aerospace during the first quarter valued at approximately $102,000. Marshall Wace LLP lifted its position in Vertical Aerospace by 398.9% in the second quarter. Marshall Wace LLP now owns 788,895 shares of the company’s stock worth $5,341,000 after purchasing an additional 630,778 shares during the period. Jump Financial LLC bought a new position in Vertical Aerospace during the 2nd quarter valued at $91,000. Squarepoint Ops LLC boosted its stake in Vertical Aerospace by 429.6% during the 2nd quarter. Squarepoint Ops LLC now owns 140,018 shares of the company’s stock valued at $948,000 after purchasing an additional 113,580 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Vertical Aerospace during the 2nd quarter valued at $102,000. 81.17% of the stock is currently owned by institutional investors.

Vertical Aerospace Trading Down 1.5%

EVTL opened at $0.89 on Friday. The business’s 50 day moving average is $1.72 and its 200-day moving average is $2.80. The stock has a market cap of $112.94 million, a PE ratio of -0.26 and a beta of 1.54. Vertical Aerospace has a twelve month low of $0.77 and a twelve month high of $7.33.

About Vertical Aerospace

(Get Free Report)

Vertical Aerospace is a United Kingdom–based aerospace manufacturer specializing in the development of electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. Founded in 2016 by entrepreneur Stephen Fitzpatrick, the company is publicly listed on the New York Stock Exchange under the ticker EVTL. Vertical Aerospace’s mission is to deliver zero-emission, high-speed electric aircraft designed to transform short-haul journeys in densely populated areas.

The company’s flagship model, the VA-X4, is a piloted, five-seat eVTOL craft engineered for quiet operation, low running costs and minimal environmental impact.

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