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

Berenberg Bank reiterated their buy rating on shares of Rose Petroleum plc (ROSE.L) (LON:ROSE) in a research note released on Friday morning, Marketbeat.com reports. Berenberg Bank currently has a GBX 450 target price on the stock.

A number of other research firms have also commented on ROSE. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 475 price target on shares of Rose Petroleum plc (ROSE.L) in a research report on Friday, September 4th. Citigroup restated a “buy” rating and set a GBX 4,500 price objective on shares of Rose Petroleum plc (ROSE.L) in a research report on Tuesday, June 2nd. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 1,481.25.

Rose Petroleum plc (ROSE.L) Stock Performance

Shares of Rose Petroleum plc (ROSE.L) stock opened at GBX 335 on Friday. The stock has a market cap of £3.31 billion, a price-to-earnings ratio of -14.82 and a beta of 0.84. Rose Petroleum plc has a twelve month low of GBX 294 and a twelve month high of GBX 395. The company’s fifty day moving average is GBX 336.58 and its 200 day moving average is GBX 341.27. The company has a quick ratio of 2.29, a current ratio of 1.72 and a debt-to-equity ratio of 35.18.

Insider Transactions at Rose Petroleum plc (ROSE.L)

In related news, insider James Christopher Miller acquired 414,803 shares of the stock in a transaction dated Tuesday, September 8th. The stock was bought at an average price of GBX 335 per share, for a total transaction of £1,389,590.05. Also, insider Simon Antony Peckham bought 109,737 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were bought at an average price of GBX 319 per share, for a total transaction of £350,061.03. Insiders purchased a total of 555,614 shares of company stock valued at $183,939,862 in the last quarter. 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.