Vertical Aerospace (NYSE:EVTL) Shares Scheduled to Reverse Split on Monday, September 23rd

Shares of Vertical Aerospace Ltd. (NYSE:EVTL) are going to reverse split on Monday, September 23rd. The 1-10 reverse split was announced on Monday, September 16th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, September 20th.

Vertical Aerospace Stock Performance

Shares of EVTL stock opened at $0.78 on Thursday. The stock’s fifty day moving average is $0.86 and its 200-day moving average is $0.81. Vertical Aerospace has a 52 week low of $0.51 and a 52 week high of $1.62.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Canaccord Genuity Group restated a “buy” rating and set a $1.50 target price on shares of Vertical Aerospace in a report on Friday, September 13th. Deutsche Bank Aktiengesellschaft upgraded Vertical Aerospace from a “hold” rating to a “buy” rating and raised their price target for the company from $1.00 to $1.50 in a report on Tuesday, July 23rd.

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.