Velocys PLC (VLS) Stock Rating Reaffirmed by Canaccord Genuity
Velocys PLC (LON:VLS)‘s stock had its “speculative buy” rating restated by equities research analysts at Canaccord Genuity in a report released on Wednesday. They currently have a GBX 95 ($1.24) price target on the stock. Canaccord Genuity’s price objective indicates a potential upside of 217.99% from the stock’s current price.
Separately, Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 114 ($1.49) price target on shares of Velocys PLC in a research note on Wednesday, September 21st.
Shares of Velocys PLC (LON:VLS) traded up 0.000% during mid-day trading on Wednesday, hitting GBX 29.875. 537,726 shares of the stock traded hands. The stock has a 50 day moving average price of GBX 29.33 and a 200-day moving average price of GBX 30.94. The company’s market cap is GBX 42.98 billion. Velocys PLC has a one year low of GBX 25.00 and a one year 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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