Velocys PLC (LON:VLS) had its target price dropped by analysts at Canaccord Genuity from GBX 110 ($1.40) to GBX 80 ($1.02) in a research note issued to investors on Wednesday. The firm presently has a “speculative buy” rating on the stock. Canaccord Genuity’s target price would indicate a potential upside of 64.52% from the company’s current price.

Several other equities research analysts also recently issued reports on VLS. Numis Securities Ltd restated a “buy” rating and issued a GBX 107 ($1.36) price objective on shares of Velocys PLC in a research note on Monday, June 5th. FinnCap initiated coverage on shares of Velocys PLC in a research note on Tuesday, June 27th. They issued a “corporate” rating and a GBX 144 ($1.83) price objective on the stock.

Velocys PLC (VLS) traded up 1.04% during mid-day trading on Wednesday, reaching GBX 48.75. 87,544 shares of the company traded hands. The stock has a 50 day moving average price of GBX 45.85 and a 200-day moving average price of GBX 55.03. Velocys PLC has a 52-week low of GBX 25.86 and a 52-week high of GBX 101.38. The company’s market capitalization is GBX 70.14 million.

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Velocys PLC Company Profile

Velocys plc (Velocys) is a holding company. The Company is engaged in producing synthetic fuels. The Company provides small scale gas-to-liquids (GTL), a technology that produces liquid fuels and specialty chemicals from undervalued natural gas, waste or biomass. Its technology turns natural gas or biomass into premium products, such as diesel, jet fuel, waxes and base oils.

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