Touchstone Exploration (LON:TXP) Given New GBX 32 Price Target at Canaccord Genuity Group

Touchstone Exploration (LON:TXPGet Free Report) had its target price dropped by stock analysts at Canaccord Genuity Group from GBX 40 to GBX 32 in a report released on Friday,London Stock Exchange reports. The firm currently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 255.56% from the stock’s previous close.

Touchstone Exploration Price Performance

Touchstone Exploration stock opened at GBX 9 on Friday. The stock has a market capitalization of £31.62 million, a price-to-earnings ratio of 3.00 and a beta of 0.00. Touchstone Exploration has a 1-year low of GBX 5.70 and a 1-year high of GBX 15.50. The business has a fifty day moving average price of GBX 7.03 and a 200-day moving average price of GBX 8.36.

About Touchstone Exploration

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Touchstone is incorporated under the laws of Alberta, Canada with its head office located in Calgary, Alberta. The Company, through its subsidiaries, is a petroleum and natural gas exploration and production company active in the Republic of Trinidad and Tobago (“Trinidad”). Touchstone is currently one of the largest independent onshore oil and natural gas producers in Trinidad, with assets in several reservoirs that have an extensive internally estimated inventory of petroleum and natural gas development and exploration opportunities.

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