Rose Petroleum plc (ROSE.L)’s (ROSE) “Buy” Rating Reiterated at Berenberg Bank

Rose Petroleum plc (ROSE.L) (LON:ROSE)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a research report issued on Monday,Digital Look reports. They presently have a GBX 450 price objective on the stock. Berenberg Bank’s price objective indicates a potential upside of 35.95% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Citigroup restated a “buy” rating and issued a GBX 4,500 target price on shares of Rose Petroleum plc (ROSE.L) in a research note on Tuesday, June 2nd. Jefferies Financial Group reiterated a “buy” rating and set a GBX 4.70 price objective on shares of Rose Petroleum plc (ROSE.L) in a report on Tuesday, June 2nd. Finally, Stifel Nicolaus raised their price objective on Rose Petroleum plc (ROSE.L) from GBX 420 to GBX 500 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 1,363.67.

Rose Petroleum plc (ROSE.L) Stock Up 3.0%

LON:ROSE opened at GBX 331 on Monday. The company’s 50-day simple moving average is GBX 354.79 and its 200-day simple moving average is GBX 343.66. The company has a debt-to-equity ratio of 38.28, a quick ratio of 2.29 and a current ratio of 1.76. Rose Petroleum plc has a fifty-two week low of GBX 300.85 and a fifty-two week high of GBX 395. The stock has a market capitalization of £3.27 billion, a P/E ratio of -14.65 and a beta of 0.83.

About Rose Petroleum plc (ROSE.L)

Rose Petroleum plc, together with its subsidiaries, primarily explores for and develops oil and gas resources in the United States. The company holds a 75% working interest in Paradox Basin covering an approximately 80,000 net acres located in Utah, the United States. The company was formerly known as VANE Minerals plc and changed its name to Rose Petroleum plc in August 2013. Rose Petroleum plc was incorporated in 2002 and is headquartered in Newbury, the United Kingdom.