Touchstone Exploration’s (TXP) Buy Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Touchstone Exploration (LON:TXP) in a research note released on Thursday morning, MarketBeat Ratings reports. They currently have a GBX 60 ($0.78) target price on the stock.

A number of other equities research analysts have also weighed in on the stock. Shore Capital restated a “house stock” rating on shares of Touchstone Exploration in a report on Thursday. Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 60 ($0.78) price target on shares of Touchstone Exploration in a research note on Friday, December 13th.

Touchstone Exploration Trading Up 0.9 %

Shares of Touchstone Exploration stock opened at GBX 23.45 ($0.30) on Thursday. The business’s 50-day moving average price is GBX 23.88 and its 200-day moving average price is GBX 27.87. The firm has a market capitalization of £69.05 million, a PE ratio of -7.85 and a beta of 0.70. Touchstone Exploration has a 12 month low of GBX 20.28 ($0.26) and a 12 month high of GBX 54 ($0.70).

About Touchstone Exploration

Touchstone Exploration Inc is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. It is one of the largest independent onshore oil producers in Trinidad, with an experienced management and executive team that have a track record of delivering value to shareholders.

The Company’s strategy is to leverage the Board’s extensive oil recovery experience and capability to develop international onshore properties that create shareholder value.

In Trinidad, the Company’s interests in approximately 90,000 gross acres of exploration and development rights make it one of the largest independent onshore oil producers in Trinidad.