Peel Hunt Cuts Nanoco Group (NANO) Price Target to GBX 67

Nanoco Group (LON:NANO) had its price objective cut by Peel Hunt from GBX 75 ($1.01) to GBX 67 ($0.90) in a report released on Thursday, November 16th. They currently have a buy rating on the stock.

Shares of Nanoco Group (LON:NANO) traded up GBX 2.25 ($0.03) during midday trading on Thursday, hitting GBX 28.25 ($0.38). The stock had a trading volume of 290,907 shares, compared to its average volume of 508,639. Nanoco Group has a fifty-two week low of GBX 17.75 ($0.24) and a fifty-two week high of GBX 47.29 ($0.64).

In other news, insider Christopher (Chris) Richards bought 166,666 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was purchased at an average cost of GBX 18 ($0.24) per share, for a total transaction of £29,999.88 ($40,376.69).

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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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