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Velocys PLC (LON:VLS)‘s stock had its “buy” rating reissued by equities research analysts at Numis Securities Ltd in a research note issued to investors on Monday. They currently have a GBX 269 ($4.46) price target on the stock. Numis Securities Ltd’s price target indicates a potential upside of 24.03% from the stock’s previous close.

Shares of Velocys PLC (LON:VLS) opened at 220.1375 on Monday. Velocys PLC has a one year low of GBX 124.00 and a one year high of GBX 241.75. The stock has a 50-day moving average of GBX 216.7 and a 200-day moving average of GBX 185.5.

Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “speculative buy” rating on shares of Velocys PLC in a research note on Monday, August 11th. They now have a GBX 400 ($6.64) price target on the stock.

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

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