Berenberg Bank Issues Positive Forecast for Rose Petroleum plc (ROSE.L) (LON:ROSE) Stock Price

Rose Petroleum plc (ROSE.L) (LON:ROSE) had its target price lifted by Berenberg Bank from GBX 440 to GBX 450 in a research note published on Thursday,London Stock Exchange reports. Berenberg Bank currently has a buy rating on the stock.

Separately, Stifel Nicolaus increased their price objective on shares of Rose Petroleum plc (ROSE.L) from GBX 420 to GBX 500 and gave the company a “buy” rating in a research report on Thursday, March 5th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, Rose Petroleum plc (ROSE.L) has an average rating of “Buy” and a consensus price target of GBX 475.

Rose Petroleum plc (ROSE.L) Stock Performance

Shares of Rose Petroleum plc (ROSE.L) stock opened at GBX 357.70 on Thursday. The firm has a market capitalization of £3.54 billion, a P/E ratio of -15.83 and a beta of 0.67. The company has a quick ratio of 2.29, a current ratio of 1.76 and a debt-to-equity ratio of 38.28. The company has a 50 day moving average price of GBX 330.56 and a 200 day moving average price of GBX 339.72. Rose Petroleum plc has a 52 week low of GBX 300 and a 52 week high of GBX 660.

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.