Canaccord Genuity Group Reiterates “Buy” Rating for Vertical Aerospace (NYSE:EVTL)

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

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

Vertical Aerospace Price Performance

Shares of NYSE:EVTL traded up $0.07 during trading on Friday, hitting $0.86. The company’s stock had a trading volume of 335,179 shares, compared to its average volume of 309,213. The company has a 50-day moving average of $0.86 and a 200-day moving average of $0.81. Vertical Aerospace has a 12 month low of $0.51 and a 12 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.