Nanoco Group’s (NANO) Buy Rating Reiterated at Peel Hunt

Nanoco Group (LON:NANO)‘s stock had its “buy” rating reissued by analysts at Peel Hunt in a report issued on Monday. They currently have a GBX 67 ($0.90) price objective on the stock. Peel Hunt’s target price would indicate a potential upside of 152.83% from the stock’s current price.

Shares of Nanoco Group (LON NANO) opened at GBX 26.50 ($0.35) on Monday. Nanoco Group has a 52-week low of GBX 17.75 ($0.24) and a 52-week high of GBX 47.29 ($0.63).

In other news, insider Christopher (Chris) Richards bought 166,666 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were purchased at an average price of GBX 18 ($0.24) per share, for a total transaction of £29,999.88 ($40,176.62).

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Nanoco Group Company Profile

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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