Canaccord Genuity Group Lowers Touchstone Exploration (LON:TXP) Price Target to GBX 32

Touchstone Exploration (LON:TXP) had its price objective decreased by stock analysts at Canaccord Genuity Group from GBX 40 to GBX 32 in a research report issued to clients and investors on Friday,London Stock Exchange reports. The firm presently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 255.56% from the stock’s current price.

Touchstone Exploration Price Performance

Shares of TXP stock opened at GBX 9 on Friday. The stock’s 50-day moving average is GBX 7.03 and its 200 day moving average is GBX 8.36. Touchstone Exploration has a 1-year low of GBX 5.70 and a 1-year high of GBX 15.50. The company has a market cap of £31.62 million, a P/E ratio of 3.00 and a beta of 0.00.

About Touchstone Exploration

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.