Canaccord Genuity Group Reaffirms “Speculative Buy” Rating for Touchstone Exploration (LON:TXP)

Touchstone Exploration (LON:TXP – Get Free Report)‘s stock had its “speculative buy” rating reissued by stock analysts at Canaccord Genuity Group in a research note issued to investors on Thursday, Digital Look reports. They currently have a GBX 35 price target on the stock. Canaccord Genuity Group‘s price objective indicates a potential upside of 243.14% from the stock’s current price.

Touchstone Exploration Stock Performance

Shares of LON:TXP opened at GBX 10.20 on Thursday. Touchstone Exploration has a 52-week low of GBX 5.70 and a 52-week high of GBX 12.50. The company has a market capitalization of £45.00 million, a PE ratio of 2.55 and a beta of 0.00. The company has a fifty day moving average of GBX 8.99 and a 200-day moving average of GBX 8.56.

Touchstone Exploration Company Profile

(Get Free Report)

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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