Canaccord Genuity Believes Touchstone Exploration (Other OTC: PBEGF) Still Has Room to Grow

Canaccord Genuity analyst Charlie Sharp reiterated a Buy rating on Touchstone Exploration (PBEGFResearch Report) on October 14 and set a price target of p135.00. The company’s shares closed last Friday at $1.35, close to its 52-week high of $1.53.

According to TipRanks.com, Sharp is a 1-star analyst with an average return of -3.4% and a 44.6% success rate. Sharp covers the Utilities sector, focusing on stocks such as Orca Exploration Group, Transglobe Energy, and Vaalco Energy.

Currently, the analyst consensus on Touchstone Exploration is a Strong Buy with an average price target of $1.85.

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The company has a one-year high of $1.53 and a one-year low of $0.10. Currently, Touchstone Exploration has an average volume of 48.85K.

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Touchstone Exploration, Inc. engages in the acquisition, exploration, development, production, and sale of petroleum and natural gas. Its properties include WD-8, Coora, Fyzabad, Icacos, Palo Seco, East Brighton, Barrackpore, San Fancique, New Dome, and Saouth Palo Seco. The company was founded in 1983 and is headquartered in Alberta, Canada.