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

Canaccord Genuity Group reaffirmed their buy rating on shares of Vertical Aerospace (NYSE:EVTL) in a research note published on Friday, Benzinga reports. Canaccord Genuity Group currently has a $1.50 price objective on the stock.

Separately, Deutsche Bank Aktiengesellschaft raised Vertical Aerospace from a hold rating to a buy rating and upped their price objective for the company from $1.00 to $1.50 in a research report on Tuesday, July 23rd.

Vertical Aerospace Stock Up 3.0 %

EVTL opened at $0.91 on Friday. Vertical Aerospace has a one year low of $0.51 and a one year high of $1.62. The stock’s 50 day moving average price is $0.86 and its 200-day moving average price is $0.81.

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.