Vertical Aerospace (NYSE:EVTL) Given Buy Rating at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Vertical Aerospace (NYSE:EVTL) in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a $1.50 price target on the stock.

Separately, Deutsche Bank Aktiengesellschaft raised shares of Vertical Aerospace from a hold rating to a buy rating and increased their price objective for the company from $1.00 to $1.50 in a report on Tuesday.

Vertical Aerospace Price Performance

NYSE:EVTL traded up $0.08 on Tuesday, reaching $1.00. 495,392 shares of the company’s stock traded hands, compared to its average volume of 318,027. The stock has a 50-day simple moving average of $0.77 and a 200-day simple moving average of $0.76. Vertical Aerospace has a 12 month low of $0.51 and a 12 month high of $1.89.

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. The company was founded in 2016 and is headquartered in Bristol, the United Kingdom.