Canaccord Genuity Group Reaffirms Buy Rating for Vertical Aerospace (NYSE:EVTL)

Vertical Aerospace (NYSE:EVTL)‘s stock had its “buy” rating restated by analysts at Canaccord Genuity Group in a research note issued to investors on Friday, Benzinga reports. They presently have a $1.50 price objective on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 74.87% from the stock’s previous close.

Separately, Deutsche Bank Aktiengesellschaft upgraded Vertical Aerospace from a “hold” rating to a “buy” rating and increased their price target for the stock from $1.00 to $1.50 in a report on Tuesday, July 23rd.

Vertical Aerospace Stock Up 8.8 %

NYSE EVTL traded up $0.07 during mid-day trading on Friday, hitting $0.86. The stock had a trading volume of 335,179 shares, compared to its average volume of 309,213. The firm’s 50 day moving average is $0.86 and its 200 day moving average is $0.81. Vertical Aerospace has a twelve month low of $0.51 and a twelve month high of $1.62.

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. The company was founded in 2016 and is headquartered in Bristol, the United Kingdom.