Velocys PLC (LON:VLS) had its price target boosted by equities research analysts at Canaccord Genuity from GBX 95 ($1.24) to GBX 110 ($1.44) in a research report issued on Tuesday. Canaccord Genuity’s price target indicates a potential upside of 268.20% from the company’s current price.
Separately, Numis Securities Ltd restated a “buy” rating and issued a GBX 114 ($1.49) price objective on shares of Velocys PLC in a report on Wednesday, September 21st.
Velocys PLC (LON:VLS) traded up 0.000% during mid-day trading on Tuesday, hitting GBX 29.875. 537,726 shares of the stock were exchanged. Velocys PLC has a 12-month low of GBX 25.00 and a 12-month high of GBX 90.00. The firm’s market cap is GBX 42.98 billion. The company has a 50 day moving average of GBX 29.33 and a 200 day moving average of GBX 30.94.
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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