Rose Petroleum plc (ROSE.L) (LON:ROSE) Receives Buy Rating from Berenberg Bank

Rose Petroleum plc (ROSE.L) (LON:ROSE – Get Free Report)‘s stock had its “buy” rating reissued by Berenberg Bank in a report released on Friday, London Stock Exchange reports. They presently have a GBX 450 price objective on the stock. Berenberg Bank’s price objective points to a potential upside of 35.75% from the stock’s previous close.

ROSE has been the topic of a number of other reports. Citigroup restated 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. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 475 price objective on shares of Rose Petroleum plc (ROSE.L) in a research note on Friday, September 4th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, Rose Petroleum plc (ROSE.L) has an average rating of “Buy” and a consensus price target of GBX 1,481.25.

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Rose Petroleum plc (ROSE.L) Stock Performance

LON:ROSE opened at GBX 331.50 on Friday. Rose Petroleum plc has a fifty-two week low of GBX 294 and a fifty-two week high of GBX 395. The company has a debt-to-equity ratio of 35.18, a quick ratio of 2.29 and a current ratio of 1.72. The company has a 50 day moving average price of GBX 336.52 and a 200 day moving average price of GBX 341.23. The stock has a market capitalization of £3.28 billion, a P/E ratio of -14.67 and a beta of 0.84.

Insider Activity at Rose Petroleum plc (ROSE.L)

In related news, insider Liam Butterworth bought 31,074 shares of the stock in a transaction that occurred on Friday, June 26th. The stock was purchased at an average cost of GBX 321 per share, with a total value of £99,747.54. Also, insider James Christopher Miller bought 414,803 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were bought at an average cost of GBX 335 per share, with a total value of £1,389,590.05. Over the last three months, insiders purchased 555,614 shares of company stock worth $183,939,862. Company insiders own 0.53% of the company’s stock.

About Rose Petroleum plc (ROSE.L)

(Get Free Report)

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.

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