Vertical Aerospace (NYSE:EVTL) Price Target Cut to $5.00 by Analysts at Deutsche Bank Aktiengesellschaft

Vertical Aerospace (NYSE:EVTLGet Rating) had its price objective lowered by Deutsche Bank Aktiengesellschaft from $8.00 to $5.00 in a report released on Wednesday morning, The Fly reports.

Several other equities research analysts have also recently commented on EVTL. Barclays cut their price target on Vertical Aerospace from $5.00 to $4.00 and set an underweight rating for the company in a research note on Tuesday, November 15th. Raymond James began coverage on Vertical Aerospace in a research note on Wednesday, July 27th. They set a market perform rating for the company.

Vertical Aerospace Stock Down 1.9 %

EVTL stock opened at $3.67 on Wednesday. Vertical Aerospace has a twelve month low of $2.72 and a twelve month high of $18.44. The business has a 50 day simple moving average of $6.77 and a 200-day simple moving average of $6.04. The company has a debt-to-equity ratio of 0.03, a current ratio of 8.01 and a quick ratio of 8.01.

Vertical Aerospace (NYSE:EVTLGet Rating) last released its quarterly earnings results on Wednesday, November 9th. The company reported ($0.78) EPS for the quarter. As a group, equities analysts expect that Vertical Aerospace will post -0.58 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Penserra Capital Management LLC raised its position in Vertical Aerospace by 54.4% in the first quarter. Penserra Capital Management LLC now owns 10,358 shares of the company’s stock worth $72,000 after acquiring an additional 3,651 shares in the last quarter. Polar Capital Holdings Plc purchased a new position in Vertical Aerospace in the first quarter worth $154,000. State Street Corp purchased a new position in Vertical Aerospace in the third quarter worth $246,000. JPMorgan Chase & Co. purchased a new position in Vertical Aerospace in the first quarter worth $198,000. Finally, UBS Group AG increased its position in shares of Vertical Aerospace by 1,048.3% in the first quarter. UBS Group AG now owns 32,325 shares of the company’s stock valued at $225,000 after buying an additional 29,510 shares in the last quarter. Hedge funds and other institutional investors own 0.28% of the company’s stock.

About Vertical Aerospace

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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. It offers VX4, an eVTOL aircraft. The company was founded in 2016 and is headquartered in Bristol, the United Kingdom.

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