Touchstone Exploration (LON:TXP) Coverage Initiated by Analysts at Canaccord Genuity
Equities research analysts at Canaccord Genuity assumed coverage on shares of Touchstone Exploration (LON:TXP) in a report issued on Monday, Digital Look reports. The brokerage set a “speculative buy” rating and a GBX 72 ($0.89) price target on the stock. Canaccord Genuity’s price objective suggests a potential upside of 32.11% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the company. Shore Capital reissued a “house stock” rating on shares of Touchstone Exploration in a report on Monday, June 15th. FinnCap raised their price target on Touchstone Exploration from GBX 51 ($0.63) to GBX 68 ($0.84) and gave the company a “corporate” rating in a report on Monday, June 22nd.
LON TXP opened at GBX 54.50 ($0.67) on Monday. The company has a market cap of $100.00 million and a PE ratio of -6.06. The company has a current ratio of 1.68, a quick ratio of 1.59 and a debt-to-equity ratio of 41.40. Touchstone Exploration has a 12 month low of GBX 9.80 ($0.12) and a 12 month high of GBX 56.65 ($0.70). The stock has a 50 day moving average of GBX 44.72 and a 200-day moving average of GBX 32.10.
Touchstone Exploration Company Profile
Touchstone Exploration Inc primarily engages in the acquisition, exploration, development, and production of petroleum and natural gas properties in the Republic of Trinidad and Tobago. The company was formerly known as Petrobank Energy and Resources Ltd. and changed its name to Touchstone Exploration Inc in May 2014.
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