Vertical Aerospace (NYSE:EVTL) Given New $16.00 Price Target at Canaccord Genuity Group

Vertical Aerospace (NYSE:EVTL) had its price target boosted by equities research analysts at Canaccord Genuity Group from $15.00 to $16.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 129.56% from the stock’s current price.

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

Vertical Aerospace Stock Performance

Shares of NYSE EVTL opened at $6.97 on Tuesday. Vertical Aerospace has a one year low of $3.55 and a one year high of $12.79. The business has a fifty day simple moving average of $12.91 and a 200 day simple moving average of $56.23.

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.