Velocys PLC (LON:VLS)‘s stock had its “buy” rating restated by research analysts at Numis Securities Ltd in a report issued on Tuesday, StockTargetPrices.com reports. They presently have a GBX 114 ($1.49) target price on the stock. Numis Securities Ltd’s price target suggests a potential upside of 281.59% from the stock’s current price.
Separately, Canaccord Genuity reissued a “speculative buy” rating and set a GBX 95 ($1.24) price target on shares of Velocys PLC in a research report on Wednesday, September 21st.
Velocys PLC (LON:VLS) traded up 0.000% during trading on Tuesday, hitting GBX 29.875. 537,726 shares of the company were exchanged. The stock’s market capitalization is GBX 42.98 billion. Velocys PLC has a 1-year low of GBX 25.00 and a 1-year high of GBX 90.00. The firm’s 50 day moving average price is GBX 29.33 and its 200-day moving average price is GBX 30.94.
About Velocys PLC
Velocys plc (Velocys) is a United Kingdom-based small scale gas-to-liquids (GTL) company. The Company is engaged in the design and development of technology for the production of liquid products, such as clean synthetic diesel and jet fuel from both conventional fossil fuels and renewable sources, such as bio-waste.
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