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

Berenberg Bank reaffirmed their buy rating on shares of Rose Petroleum plc (ROSE.L) (LON:ROSE) in a report published on Thursday,Digital Look reports. Berenberg Bank currently has a GBX 450 target price on the stock.

Several other equities research analysts have also recently issued reports on ROSE. Citigroup reissued a “buy” rating and issued a GBX 4,500 target price on shares of Rose Petroleum plc (ROSE.L) in a research report on Tuesday, June 2nd. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 4.70 price target on shares of Rose Petroleum plc (ROSE.L) in a research report on Tuesday, June 2nd. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 1,363.67.

Rose Petroleum plc (ROSE.L) Stock Up 0.6%

ROSE opened at GBX 331 on Thursday. Rose Petroleum plc has a 12 month low of GBX 294 and a 12 month high of GBX 395. The business has a 50-day moving average of GBX 334.29 and a two-hundred day moving average of GBX 340.20. 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 stock has a market capitalization of £3.27 billion, a price-to-earnings ratio of -14.65 and a beta of 0.84.

Insider Transactions at Rose Petroleum plc (ROSE.L)

In other news, insider Liam Butterworth acquired 31,074 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were bought at an average cost of GBX 321 per share, for a total transaction of £99,747.54. Also, insider Simon Antony Peckham acquired 109,737 shares of the business’s stock in a transaction dated Friday, June 26th. The stock was purchased at an average price of GBX 319 per share, for a total transaction of £350,061.03. 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.