Vertical Aerospace (NYSE:EVTL) Price Target Cut to $4.00 by Analysts at Barclays

Vertical Aerospace (NYSE:EVTLGet Rating) had its price objective trimmed by Barclays from $5.00 to $4.00 in a research note released on Tuesday, The Fly reports. The firm currently has an underweight rating on the stock.

Separately, Raymond James assumed coverage on shares of Vertical Aerospace in a research report on Wednesday, July 27th. They set a market perform rating on the stock.

Vertical Aerospace Stock Performance

Shares of NYSE EVTL opened at $4.10 on Tuesday. The firm’s 50-day simple moving average is $6.89 and its 200 day simple moving average is $6.12. The company has a current ratio of 8.01, a quick ratio of 8.01 and a debt-to-equity ratio of 0.03. Vertical Aerospace has a 12-month low of $2.72 and a 12-month high of $18.44.

Vertical Aerospace (NYSE:EVTLGet Rating) last released its earnings results on Wednesday, November 9th. The company reported ($0.78) earnings per share (EPS) for the quarter. Research analysts predict that Vertical Aerospace will post -0.64 EPS for the current fiscal year.

Institutional Trading of Vertical Aerospace

Institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. bought a new stake in shares of Vertical Aerospace in the 1st quarter valued at about $910,000. State Street Corp bought a new stake in shares of Vertical Aerospace in the 3rd quarter valued at about $246,000. UBS Group AG increased its stake in shares of Vertical Aerospace by 1,048.3% in the 1st quarter. UBS Group AG now owns 32,325 shares of the company’s stock valued at $225,000 after acquiring an additional 29,510 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Vertical Aerospace in the 1st quarter valued at about $198,000. Finally, Polar Capital Holdings Plc bought a new stake in shares of Vertical Aerospace in the 1st quarter valued at about $154,000. 0.28% of the stock is owned by institutional investors.

About Vertical Aerospace

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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. It offers VX4, an eVTOL aircraft. The company was founded in 2016 and is headquartered in Bristol, the United Kingdom.

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