Velocys PLC (LON:VLS)‘s stock had its “speculative buy” rating reaffirmed by Canaccord Genuity in a note issued to investors on Wednesday. They currently have a GBX 95 ($1.24) price target on the stock. Canaccord Genuity’s target price suggests a potential upside of 233.33% from the company’s current price.

Separately, Numis Securities Ltd reissued a “buy” rating and issued a GBX 114 ($1.49) target price on shares of Velocys PLC in a research note on Wednesday.

Velocys PLC (LON:VLS) opened at 28.8704 on Wednesday. The stock’s market cap is GBX 41.36 million. The stock has a 50 day moving average of GBX 29.08 and a 200 day moving average of GBX 31.20. Velocys PLC has a 1-year low of GBX 25.00 and a 1-year high of GBX 90.00.

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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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