Brokerages Set Vertical Aerospace Ltd. (NYSE:EVTL) Price Target at $11.10

Shares of Vertical Aerospace Ltd. (NYSE:EVTL) have earned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $11.10.

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

Institutional Inflows and Outflows

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

Vertical Aerospace Price Performance

Shares of EVTL opened at $3.47 on Thursday. The business’s 50-day moving average price is $4.45 and its 200 day moving average price is $8.83. Vertical Aerospace has a 1-year low of $3.16 and a 1-year high of $15.99.

Vertical Aerospace (NYSE:EVTL) last released its earnings results on Thursday, March 13th. The company reported ($46.25) earnings per share for the quarter, missing the consensus estimate of ($0.74) by ($45.51). On average, equities research analysts anticipate 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.