Touchstone Exploration’s (TXP) “Buy” Rating Reiterated at Canaccord Genuity Group

Touchstone Exploration (LON:TXP)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity Group in a report issued on Thursday, MarketBeat Ratings reports. They currently have a GBX 60 ($0.77) target price on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 167.14% from the company’s current price.

TXP has been the topic of a number of other reports. Shore Capital reissued a “house stock” rating on shares of Touchstone Exploration in a research report on Thursday. Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 60 ($0.77) price target on shares of Touchstone Exploration in a research report on Friday, December 13th.

Touchstone Exploration Stock Performance

Touchstone Exploration stock opened at GBX 22.46 ($0.29) on Thursday. The stock’s 50 day simple moving average is GBX 23.83 and its two-hundred day simple moving average is GBX 27.80. The stock has a market cap of £66.13 million, a price-to-earnings ratio of -7.52 and a beta of 0.70. Touchstone Exploration has a fifty-two week low of GBX 20.28 ($0.26) and a fifty-two week high of GBX 54 ($0.70).

Touchstone Exploration Company Profile

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.