Velocys PLC (VLS) Earns Buy Rating from Numis Securities Ltd
Velocys PLC (LON:VLS)‘s stock had its “buy” rating reaffirmed by equities research analysts at Numis Securities Ltd in a report released on Wednesday. They presently have a GBX 114 ($1.49) price objective on the stock. Numis Securities Ltd’s price objective indicates a potential upside of 294.81% from the company’s previous close.
Shares of Velocys PLC (LON:VLS) traded up 1.316% during trading on Wednesday, reaching GBX 28.875. The company had a trading volume of 67,560 shares. The firm has a 50-day moving average price of GBX 29.09 and a 200-day moving average price of GBX 31.12. The company’s market capitalization is GBX 41.36 million. Velocys PLC has a 52-week low of GBX 25.00 and a 52-week high of GBX 90.00.
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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