Canaccord Genuity Group Lowers Touchstone Exploration (LON:TXP) Price Target to GBX 117

Touchstone Exploration (LON:TXP) had its price target decreased by Canaccord Genuity Group from GBX 125 ($1.54) to GBX 117 ($1.44) in a research report released on Wednesday morning, Marketbeat Ratings reports. Canaccord Genuity Group currently has a speculative buy rating on the stock.

Separately, Shore Capital reaffirmed a house stock rating on shares of Touchstone Exploration in a research report on Tuesday.

Touchstone Exploration Stock Performance

TXP opened at GBX 52 ($0.64) on Wednesday. Touchstone Exploration has a 12-month low of GBX 50 ($0.61) and a 12-month high of GBX 95 ($1.17). The firm has a market capitalization of £121.40 million, a PE ratio of -5,188.00 and a beta of 0.96. The company has a 50 day simple moving average of GBX 59.68.

Insider Activity

In other news, insider Paul R. Baay sold 131,000 shares of the business’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of GBX 54 ($0.66), for a total value of £70,740 ($86,872.16). 9.98% of the stock is currently owned by company insiders.

Touchstone Exploration Company Profile

Touchstone Exploration Inc engages in the exploration, development, acquisition, production, and sale of petroleum and natural gas properties in the Republic of Trinidad and Tobago. Its primary exploration focus is the Ortoire exploration block and development production on four onshore lease operatorship properties.