Virgin Galactic Shares Received 'Take' Rating From Investment Company Jefferies

Virgin Galactic Shares Received 'Take' Rating From Investment Company Jefferies

On Tuesday, 31 august, investment company Jefferies assigned Virgin Galactic shares (NYSE: SPCE) take rating. The company's specialists rated the space tourism industry in 120 billion dollars.

According to Jefferies, if the number of Virgin Galactic ships increases to 4, to 2025 year, the company's revenue will be 440 million dollars, and to 2030 — 1,7 billion.

Jefferies also interviewed 233 person with capital over 1 million. Dollars. Of these, twenty percent reported, that they are willing to spend more than five percent of their savings on a flight into space. Investment company ranked Virgin Galactic's audience in 250 thousands of people. At the moment, the cost of the 1st ticket is 450 one thousand dollars.

Another virtue of Virgin Galactic, believe in Jefferies, - popular brand. By notoriety Virgin Galactic was second only to SpaceX - 86 against eighty nine percent. But the main rival, Blue Origin, polled only 52%.

Shares of Virgin Galactic plunged more than 40% in July, when the company said about the sale of additional shares in the amount of 500 million dollars. Morgan Stanley and Credit Suisse later downgraded Virgin Galactic, and securities fell in price by about thirty percent more, to 25 $.

Shares of Virgin Galactic up 9% on Tuesday, to 27 $. Jefferies has set a motivated value in 33 $ - twenty two percent higher than the current.

Virgin Galactic gets a Buy rating from investment firm Jefferies

  precisely because "we have what we have"
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