Velocys PLC (LON:VLS)‘s stock had its “speculative buy” rating restated by analysts at Canaccord Genuity in a research report issued to clients and investors on Wednesday. They presently have a GBX 95 ($1.24) target price on the stock. Canaccord Genuity’s price target would indicate a potential upside of 233.33% from the stock’s current price.

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

Shares of Velocys PLC (LON:VLS) traded up 1.75% during midday trading on Wednesday, hitting GBX 29.00. The company’s stock had a trading volume of 50,386 shares. The firm’s market cap is GBX 41.54 million. The firm has a 50-day moving average of GBX 29.08 and a 200 day moving average of GBX 31.20. Velocys PLC has a 12-month low of GBX 25.00 and a 12-month 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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