Rose Petroleum plc (ROSE.L) (LON:ROSE) Given Buy Rating at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Rose Petroleum plc (ROSE.L) (LON:ROSE) in a research note released on Thursday,Digital Look reports. Berenberg Bank currently has a GBX 450 price objective on the stock.

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

Rose Petroleum plc (ROSE.L) Price Performance

Shares of ROSE stock opened at GBX 330.65 on Thursday. The firm has a market cap of £3.27 billion, a price-to-earnings ratio of -14.63 and a beta of 0.84. Rose Petroleum plc has a 12 month low of GBX 294 and a 12 month 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. The stock has a 50-day moving average price of GBX 334.83 and a 200 day moving average price of GBX 340.26.

Insider Buying and Selling at Rose Petroleum plc (ROSE.L)

In related news, insider Liam Butterworth bought 31,074 shares of the business’s stock in a transaction on Friday, June 26th. The shares were purchased at an average price of GBX 321 per share, with a total value of £99,747.54. Also, insider Simon Antony Peckham bought 109,737 shares of Rose Petroleum plc (ROSE.L) stock in a transaction 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. 0.53% of the stock is 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.