Vertical Aerospace (NYSE:EVTL) Price Target Raised to $16.00

Vertical Aerospace (NYSE:EVTL) had its target price lifted by Canaccord Genuity Group from $15.00 to $16.00 in a report released on Tuesday morning,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Separately, Barclays upped their price objective on shares of Vertical Aerospace from $0.75 to $2.00 and gave the stock an “underweight” rating in a report on Thursday, November 21st.

Vertical Aerospace Stock Performance

Shares of Vertical Aerospace stock opened at $8.69 on Tuesday. The business has a 50 day moving average of $9.80 and a 200 day moving average of $55.32. Vertical Aerospace has a 52 week low of $3.55 and a 52 week high of $12.79.

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.