Velocys PLC (LON:VLS)‘s stock had its “buy” rating reiterated by equities research analysts at Numis Securities Ltd in a note issued to investors on Tuesday. They presently have a GBX 114 ($1.49) price target on the stock. Numis Securities Ltd’s price objective indicates a potential upside of 281.59% from the company’s current price.

Separately, Canaccord Genuity upped their price target on shares of Velocys PLC from GBX 95 ($1.24) to GBX 110 ($1.44) in a research report on Tuesday.

Shares of Velocys PLC (LON:VLS) opened at 29.875 on Tuesday. The stock’s 50 day moving average is GBX 29.33 and its 200 day moving average is GBX 30.94. The firm’s market capitalization is GBX 42.98 billion. Velocys PLC has a 12 month low of GBX 25.00 and a 12 month high of GBX 90.00.

Velocys PLC Company Profile

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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