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Velocys PLC (LON:VLS)‘s stock had its “speculative buy” rating reaffirmed by analysts at Canaccord Genuity in a research report issued to clients and investors on Monday. They currently have a GBX 400 ($6.71) price objective on the stock. Canaccord Genuity’s price objective points to a potential upside of 127.46% from the company’s current price.

Velocys PLC (LON:VLS) traded down 0.36% on Monday, hitting GBX 180.5962. The stock had a trading volume of 229,830 shares. Velocys PLC has a 52-week low of GBX 124.00 and a 52-week high of GBX 241.75. The stock has a 50-day moving average of GBX 222.5 and a 200-day moving average of GBX 180.2.

Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Velocys PLC in a research note on Tuesday, July 29th. They now have a GBX 269 ($4.51) price target on the stock.

Velocys PLC (LON:VLS) is a United Kingdom-based synthetic fuels producer.

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