Vertical Aerospace Ltd. (NYSE:EVTL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Vertical Aerospace Ltd. (NYSE:EVTL) have earned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $11.10.

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

Institutional Inflows and Outflows

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

Vertical Aerospace Price Performance

NYSE EVTL opened at $3.46 on Monday. The stock’s fifty day moving average price is $3.94 and its 200 day moving average price is $6.01. Vertical Aerospace has a 1 year low of $2.76 and a 1 year high of $15.99.

Vertical Aerospace (NYSE:EVTL) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($46.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.74) by ($45.51). Sell-side analysts forecast that Vertical Aerospace will post -3.95 EPS for the current fiscal year.

About Vertical Aerospace

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.