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

Rose Petroleum plc (ROSE.L) (LON:ROSE)‘s stock had its “buy” rating reissued by research analysts at Berenberg Bank in a research note issued on Friday, London Stock Exchange reports. They currently have a GBX 450 price objective on the stock. Berenberg Bank’s price target indicates a potential upside of 35.75% from the company’s previous close.

ROSE has been the subject of a number of other reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 475 target price on shares of Rose Petroleum plc (ROSE.L) in a research note on Friday, September 4th. Citigroup reissued a “buy” rating and issued a GBX 4,500 price objective on shares of Rose Petroleum plc (ROSE.L) in a report on Tuesday, June 2nd. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 1,481.25.

Rose Petroleum plc (ROSE.L) Price Performance

LON:ROSE opened at GBX 331.50 on Friday. Rose Petroleum plc has a one year low of GBX 294 and a one year high of GBX 395. The stock has a market cap of £3.28 billion, a PE ratio of -14.67 and a beta of 0.84. 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 stock has a 50 day moving average price of GBX 336.52 and a 200 day moving average price of GBX 341.23.

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

In other Rose Petroleum plc (ROSE.L) news, insider James Christopher Miller bought 414,803 shares of Rose Petroleum plc (ROSE.L) stock in a transaction on Tuesday, September 8th. The shares were bought at an average price of GBX 335 per share, for a total transaction of £1,389,590.05. Also, insider Simon Antony Peckham purchased 109,737 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was acquired at an average cost of GBX 319 per share, for a total transaction of £350,061.03. Insiders have acquired 555,614 shares of company stock worth $183,939,862 over the last quarter. 0.53% of the stock is currently owned by company 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.