HC Wainwright Initiates Coverage on Vertical Aerospace (NYSE:EVTL)

HC Wainwright assumed coverage on shares of Vertical Aerospace (NYSE:EVTL) in a note issued to investors on Friday,Benzinga reports. The brokerage set a “buy” rating and a $12.00 price target on the stock. HC Wainwright’s price target would indicate a potential upside of 141.21% from the stock’s previous close.

EVTL has been the topic of several other reports. Barclays boosted their price target on Vertical Aerospace from $0.75 to $2.00 and gave the stock an “underweight” rating in a report on Thursday, November 21st. Raymond James reissued a “market perform” rating on shares of Vertical Aerospace in a report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Vertical Aerospace from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, December 3rd. Finally, Canaccord Genuity Group reduced their price objective on shares of Vertical Aerospace from $16.00 to $13.50 and set a “buy” rating on the stock in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $10.13.

Vertical Aerospace Stock Down 3.8 %

NYSE EVTL opened at $4.98 on Friday. The firm’s fifty day moving average price is $8.35 and its two-hundred day moving average price is $31.40. Vertical Aerospace has a fifty-two week low of $3.55 and a fifty-two week high of $15.99.

Vertical Aerospace (NYSE:EVTL) last released its quarterly earnings data on Friday, December 20th. The company reported ($1.92) earnings per share for the quarter, missing the consensus estimate of ($1.34) by ($0.58). As a group, sell-side analysts expect that Vertical Aerospace will post -4.35 earnings per share for the current 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.