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.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/canaccord-genuity-reaffirms-speculative-buy-rating-for-velocys-plc-vls.html

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.

Receive News & Ratings for Velocys PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Velocys PLC and related companies with MarketBeat.com's FREE daily email newsletter.