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

Canaccord Genuity Group reiterated their buy rating on shares of Touchstone Exploration (LON:TXP) in a research report report published on Thursday, MarketBeat.com reports. They currently have a GBX 60 ($0.77) price target on the stock.

Several other equities analysts have also commented on TXP. Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 60 ($0.77) price objective on shares of Touchstone Exploration in a report on Friday, December 13th. Shore Capital reaffirmed a “house stock” rating on shares of Touchstone Exploration in a research note on Thursday.

Touchstone Exploration Price Performance

LON:TXP opened at GBX 22.46 ($0.29) on Thursday. The firm has a market capitalization of £66.13 million, a price-to-earnings ratio of -7.52 and a beta of 0.70. The company’s 50-day moving average is GBX 23.83 and its two-hundred day moving average is GBX 27.76. Touchstone Exploration has a 1-year low of GBX 20.28 ($0.26) and a 1-year 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.