Vertical Aerospace (NYSE:EVTL) Lifted to “Buy” at Deutsche Bank Aktiengesellschaft

Vertical Aerospace (NYSE:EVTL) was upgraded by stock analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The firm currently has a $1.50 price objective on the stock, up from their prior price objective of $1.00. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 55.07% from the company’s previous close.

Separately, Canaccord Genuity Group restated a “buy” rating and set a $1.50 target price on shares of Vertical Aerospace in a research note on Tuesday, May 28th.

Vertical Aerospace Price Performance

EVTL opened at $0.97 on Tuesday. The business has a fifty day moving average price of $0.77 and a 200 day moving average price of $0.76. Vertical Aerospace has a 12 month low of $0.51 and a 12 month high of $1.89.

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