Numis Securities Ltd Reiterates “Buy” Rating for Velocys PLC (VLS)

Velocys PLC (LON:VLS)‘s stock had its “buy” rating reiterated by equities researchers at Numis Securities Ltd in a research report issued on Tuesday, reports. They presently have a GBX 114 ($1.49) price target on the stock. Numis Securities Ltd’s price objective suggests a potential upside of 281.59% from the company’s previous close.

Separately, Canaccord Genuity raised their price objective on shares of Velocys PLC from GBX 95 ($1.24) to GBX 110 ($1.44) in a research report on Tuesday.

Shares of Velocys PLC (LON:VLS) opened at 29.875 on Tuesday. The firm’s 50-day moving average is GBX 29.33 and its 200 day moving average is GBX 30.94. Velocys PLC has a 52-week low of GBX 25.00 and a 52-week high of GBX 90.00. The company’s market capitalization is GBX 42.98 billion.

About Velocys PLC

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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