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

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

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

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

Rose Petroleum plc (ROSE.L) stock opened at GBX 331 on Monday. The stock has a 50-day moving average price of GBX 354.79 and a 200 day moving average price of GBX 343.66. The company has a market capitalization of £3.27 billion, a price-to-earnings ratio of -14.65 and a beta of 0.83. Rose Petroleum plc has a 52 week low of GBX 300.85 and a 52 week high of GBX 395. The company has a quick ratio of 2.29, a current ratio of 1.76 and a debt-to-equity ratio of 38.28.

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.