Touchstone Exploration (LON:TXP) Given New GBX 32 Price Target at Canaccord Genuity Group

Touchstone Exploration (LON:TXP) had its target price lowered by Canaccord Genuity Group from GBX 40 to GBX 32 in a report issued on Friday, MarketBeat reports. The firm currently has a speculative buy rating on the stock.

Touchstone Exploration Stock Performance

Shares of Touchstone Exploration stock opened at GBX 9 on Friday. The company has a market capitalization of £31.62 million, a P/E ratio of 3.00 and a beta of 0.00. Touchstone Exploration has a 1 year low of GBX 5.70 and a 1 year high of GBX 15.50. The company’s fifty day moving average is GBX 7.07 and its two-hundred day moving average is GBX 8.37.

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.