Shore Capital Reiterates “House Stock” Rating for Touchstone Exploration (LON:TXP)

Touchstone Exploration (LON:TXP)‘s stock had its “house stock” rating reissued by equities researchers at Shore Capital in a research note issued to investors on Thursday, Marketbeat.com reports.

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

Touchstone Exploration Price Performance

Shares of Touchstone Exploration stock opened at GBX 21.27 ($0.28) on Thursday. The firm has a market cap of £62.63 million, a price-to-earnings ratio of -7.12 and a beta of 0.70. Touchstone Exploration has a one year low of GBX 19 ($0.25) and a one year high of GBX 40.44 ($0.54). The stock’s 50-day moving average is GBX 21.07 and its 200-day moving average is GBX 24.74.

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.