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Velocys PLC (LON:VLS)‘s stock had its “buy” rating reaffirmed by analysts at Numis Securities Ltd in a research report issued to clients and investors on Wednesday. They currently have a GBX 269 ($4.51) target price on the stock. Numis Securities Ltd’s price target points to a potential upside of 38.38% from the stock’s previous close.

VLS has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity reiterated a “speculative buy” rating on shares of Velocys PLC in a research note on Monday. They now have a GBX 400 ($6.71) price target on the stock.

Velocys PLC (LON:VLS) opened at 195.50 on Wednesday. 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 221.8 and a 200-day moving average of GBX 180.6.

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

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