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

Rose Petroleum plc (ROSE.L) (LON:ROSE)‘s stock had its “buy” rating reiterated by equities research analysts at Berenberg Bank in a research note issued to investors on Thursday,Digital Look reports. They currently have a GBX 450 price target on the stock. Berenberg Bank’s target price would indicate a potential upside of 32.92% from the company’s previous close.

Several other research analysts have also recently weighed in on ROSE. Jefferies Financial Group restated a “buy” rating and set a GBX 4.70 price target 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 price objective 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, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 1,363.67.

Rose Petroleum plc (ROSE.L) Stock Performance

Shares of ROSE opened at GBX 338.54 on Thursday. The company has a market cap of £3.35 billion, a PE ratio of -14.98 and a beta of 0.84. Rose Petroleum plc has a one year low of GBX 294 and a one year high of GBX 395. The stock has a 50-day moving average of GBX 335.54 and a 200-day moving average of GBX 340.40. The company has a debt-to-equity ratio of 38.28, a current ratio of 1.76 and a quick ratio of 2.29.

Insider Activity at Rose Petroleum plc (ROSE.L)

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

Rose Petroleum plc (ROSE.L) Company Profile

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.