Touchstone Exploration’s (TXP) “House Stock” Rating Reiterated at Shore Capital

Shore Capital reissued their house stock rating on shares of Touchstone Exploration (LON:TXP) in a research report released on Thursday, Marketbeat.com reports.

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 60 ($0.80) target price on shares of Touchstone Exploration in a research report on Thursday, March 20th.

Touchstone Exploration Stock Performance

TXP stock opened at GBX 21.27 ($0.28) on Thursday. The stock has a market capitalization of £62.63 million, a PE ratio of -7.12 and a beta of 0.70. The company has a fifty day moving average of GBX 21.07 and a 200-day moving average of GBX 24.70. Touchstone Exploration has a one year low of GBX 19 ($0.25) and a one year high of GBX 40.44 ($0.54).

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.