Velocys (LON:VLS) Price Target Lowered to GBX 35 at Numis Securities

Velocys (LON:VLS) had its price objective cut by Numis Securities from GBX 107 ($1.48) to GBX 35 ($0.48) in a report published on Friday, February 2nd. They currently have a buy rating on the stock.

Separately, Canaccord Genuity lowered their price objective on shares of Velocys from GBX 80 ($1.11) to GBX 40 ($0.55) and set a speculative buy rating for the company in a report on Friday, February 2nd.

Velocys (LON VLS) opened at GBX 9.88 ($0.14) on Friday. The company has a market cap of $32.77 and a P/E ratio of -89.82. Velocys has a 12 month low of GBX 9.27 ($0.13) and a 12 month high of GBX 96.89 ($1.34).

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Velocys 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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