Touchstone Exploration (LON:TXP) Given Speculative Buy Rating at Canaccord Genuity Group

Canaccord Genuity Group reissued their speculative buy rating on shares of Touchstone Exploration (LON:TXP) in a report released on Tuesday morning, Price Targets.com reports. The firm currently has a GBX 200 ($2.71) price target on the stock.

TXP has been the topic of several other reports. Shore Capital reiterated a house stock rating on shares of Touchstone Exploration in a research note on Tuesday, December 21st. reissued a speculative buy rating and issued a GBX 200 ($2.71) target price on shares of Touchstone Exploration in a report on Monday, December 6th.

TXP stock opened at GBX 93 ($1.26) on Tuesday. Touchstone Exploration has a 1-year low of GBX 37.75 ($0.51) and a 1-year high of GBX 178 ($2.42). The firm has a market cap of £195.98 million and a P/E ratio of 310.00. The business’s 50 day moving average is GBX 115.15 and its 200-day moving average is GBX 100.38. The company has a current ratio of 0.75, a quick ratio of 0.65 and a debt-to-equity ratio of 12.49.

Touchstone Exploration Company Profile

Touchstone Exploration Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of crude oil and natural gas properties in the Republic of Trinidad and Tobago. It has interests in a range of small undeveloped exploration properties; and three exploration blocks.

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