Rose Petroleum plc (ROSE.L) (LON:ROSE) Earns “Buy” Rating from Berenberg Bank

Rose Petroleum plc (ROSE.L) (LON:ROSE)‘s stock had its “buy” rating restated by equities research analysts at Berenberg Bank in a research note issued on Thursday,Digital Look reports. They currently have a GBX 450 price target on the stock. Berenberg Bank’s price objective would indicate a potential upside of 35.95% from the company’s previous close.

ROSE has been the topic of a number of other reports. Jefferies Financial Group reissued a “buy” rating and issued a GBX 4.70 price objective on shares of Rose Petroleum plc (ROSE.L) in a report on Tuesday, June 2nd. Citigroup reaffirmed a “buy” rating and set a GBX 4,500 target price on shares of Rose Petroleum plc (ROSE.L) in a report on Tuesday, June 2nd. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 1,363.67.

Rose Petroleum plc (ROSE.L) Stock Performance

Shares of ROSE stock opened at GBX 331 on Thursday. The firm has a market capitalization of £3.27 billion, a price-to-earnings ratio of -14.65 and a beta of 0.84. The company has a debt-to-equity ratio of 38.28, a current ratio of 1.76 and a quick ratio of 2.29. The business has a fifty day moving average of GBX 334.29 and a 200 day moving average of GBX 340.20. Rose Petroleum plc has a 1 year low of GBX 294 and a 1 year high of GBX 395.

Insider Activity

In other Rose Petroleum plc (ROSE.L) news, insider Simon Antony Peckham bought 109,737 shares of Rose Petroleum plc (ROSE.L) stock in a transaction dated Friday, June 26th. The stock was acquired at an average cost of GBX 319 per share, for a total transaction of £350,061.03. Also, insider Liam Butterworth purchased 31,074 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was acquired at an average cost of GBX 321 per share, for a total transaction of £99,747.54. 0.53% of the stock is currently owned by company insiders.

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.