Velocys PLC (LON:VLS)‘s stock had its “buy” rating reissued by investment analysts at Numis Securities Ltd in a research report issued to clients and investors on Wednesday. They currently have a GBX 114 ($1.49) price objective on the stock. Numis Securities Ltd’s target price points to a potential upside of 281.59% from the company’s current price.
Shares of Velocys PLC (LON:VLS) traded up 0.000% during midday trading on Wednesday, hitting GBX 29.875. The stock had a trading volume of 537,726 shares. The firm’s 50-day moving average price is GBX 29.33 and its 200-day moving average price is GBX 30.94. Velocys PLC has a 1-year low of GBX 25.00 and a 1-year high of GBX 90.00. The stock’s market cap 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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