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

Touchstone Exploration (LON:TXP)‘s stock had its “speculative buy” rating reaffirmed by equities research analysts at Canaccord Genuity Group in a report issued on Friday, Marketbeat.com reports. They presently have a GBX 60 ($0.76) target price on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 142.42% from the company’s current price.

Separately, Shore Capital reiterated a “house stock” rating on shares of Touchstone Exploration in a research note on Wednesday, November 13th.

Touchstone Exploration Stock Up 13.5 %

LON TXP opened at GBX 24.75 ($0.31) on Friday. The firm has a market cap of £58.52 million, a PE ratio of -618.75 and a beta of 0.70. Touchstone Exploration has a 52 week low of GBX 20.63 ($0.26) and a 52 week high of GBX 58 ($0.73). The company has a 50 day moving average price of GBX 30.70 and a 200 day moving average price of GBX 31.63.

About Touchstone Exploration

Touchstone Exploration Inc engages in the exploration, development, acquisition, production, and sale of petroleum and natural gas properties in the Republic of Trinidad and Tobago. Its primary exploration focus is the Ortoire exploration block. The company was formerly known as Petrobank Energy and Resources Ltd.