Nanoco Group’s (NANO) “Buy” Rating Reaffirmed at Peel Hunt

Nanoco Group (LON:NANO)‘s stock had its “buy” rating reiterated by stock analysts at Peel Hunt in a research report issued to clients and investors on Thursday. They presently have a GBX 67 ($0.94) price objective on the stock. Peel Hunt’s target price would suggest a potential upside of 95.05% from the stock’s current price.

Shares of Nanoco Group (LON NANO) traded up GBX 0.35 ($0.00) during trading on Thursday, reaching GBX 34.35 ($0.48). The company’s stock had a trading volume of 3,082,050 shares, compared to its average volume of 719,154. The company has a market cap of $97.10 and a P/E ratio of -858.75. Nanoco Group has a 52-week low of GBX 17.75 ($0.25) and a 52-week high of GBX 47 ($0.66).

In other news, insider Christopher (Chris) Richards acquired 166,666 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were bought at an average price of GBX 18 ($0.25) per share, with a total value of £29,999.88 ($42,063.77).

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About Nanoco Group

Nanoco Group PLC is engaged in research, development and manufacturing of heavy-metal free quantum dots and semiconductor nanoparticles for use in display, lighting, solar energy and bio-imaging. The Company’s products include Cadmium Free Quantum Dots (CFQD), CFQD quantum dot films, and copper indium gallium di-selenide (CIGS)/copper indium di-selenide/sulfide (CIS) nanoparticles.

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