Velocys PLC (VLS) Given “Buy” Rating at Numis Securities Ltd
Numis Securities Ltd reiterated their buy rating on shares of Velocys PLC (LON:VLS) in a research report sent to investors on Monday. The brokerage currently has a GBX 107 ($1.42) target price on the stock.
VLS has been the subject of a number of other reports. Canaccord Genuity reduced their target price on shares of Velocys PLC from GBX 110 ($1.46) to GBX 80 ($1.06) and set a speculative buy rating for the company in a report on Wednesday, June 28th. FinnCap assumed coverage on shares of Velocys PLC in a report on Tuesday, June 27th. They set a corporate rating and a GBX 144 ($1.91) target price for the company.
Shares of Velocys PLC (LON VLS) opened at 36.625 on Monday. The stock’s market cap is GBX 52.69 million. The company has a 50-day moving average price of GBX 36.14 and a 200-day moving average price of GBX 45.34. Velocys PLC has a 1-year low of GBX 29.11 and a 1-year high of GBX 101.38.
Velocys PLC (LON:VLS) last issued its earnings results on Friday, September 29th. The company reported GBX (6.50) (($0.09)) earnings per share for the quarter. The business had revenue of GBX 23 million for the quarter. Velocys PLC had a negative return on equity of 26.42% and a negative net margin of 937.50%.
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About Velocys PLC
Velocys plc (Velocys) is a holding company. The Company is engaged in producing synthetic fuels. The Company provides small scale gas-to-liquids (GTL), a technology that produces liquid fuels and specialty chemicals from undervalued natural gas, waste or biomass. Its technology turns natural gas or biomass into premium products, such as diesel, jet fuel, waxes and base oils.
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