Deutsche Bank Boosts Nanoco Group (NANO) Price Target to GBX 64

Nanoco Group (LON:NANO) had its target price upped by Deutsche Bank from GBX 48 ($0.63) to GBX 64 ($0.84) in a report issued on Thursday morning, ThisIsMoney.Co.Uk reports. Deutsche Bank currently has a buy rating on the stock.

Separately, Peel Hunt reissued a buy rating on shares of Nanoco Group in a research note on Tuesday, April 9th.

NANO opened at GBX 52.40 ($0.68) on Thursday. Nanoco Group has a 1 year low of GBX 30.45 ($0.40) and a 1 year high of GBX 55.50 ($0.73). The stock has a market capitalization of $149.83 million and a price-to-earnings ratio of -34.93. The company has a debt-to-equity ratio of 4.10, a quick ratio of 3.92 and a current ratio of 4.25.

In other Nanoco Group news, insider Michael Edelman sold 45,797 shares of Nanoco Group stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of GBX 54 ($0.71), for a total value of £24,730.38 ($32,314.62). Also, insider Christopher Batterham purchased 125,000 shares of the company’s stock in a transaction on Wednesday, April 10th. The stock was purchased at an average cost of GBX 47 ($0.61) per share, for a total transaction of £58,750 ($76,767.28).

About Nanoco Group

Nanoco Group plc, together with its subsidiaries, engages in the research, development, manufacture, and licensing of cadmium and heavy-metal-free quantum dots (CFQD), and semiconductor nanomaterials for use in various commercial applications. The company offers cadmium free quantum dots, CFQD quantum dot films, copper indium gallium di-selenide/sulfide nanoparticles, and copper indium di-selenide/sulfide nanoparticles.

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