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

Touchstone Exploration (LON:TXP)‘s stock had its “speculative buy” rating reissued by investment analysts at Canaccord Genuity Group in a research report issued on Thursday, Digital Look reports. They currently have a GBX 35 price objective on the stock. Canaccord Genuity Group‘s price target suggests a potential upside of 236.54% from the stock’s previous close.

Touchstone Exploration Price Performance

TXP opened at GBX 10.40 on Thursday. Touchstone Exploration has a fifty-two week low of GBX 5.70 and a fifty-two week high of GBX 12.50. The company’s 50-day moving average is GBX 9.07 and its 200 day moving average is GBX 8.57. The firm has a market capitalization of £45.88 million, a P/E ratio of 2.60 and a beta of 0.00.

Touchstone Exploration Company Profile

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.