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

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

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 475 target price on shares of Rose Petroleum plc (ROSE.L) in a report on Friday, September 4th. Four analysts have rated the stock with a Buy rating. According to data from MarketBeat, Rose Petroleum plc (ROSE.L) presently has an average rating of “Buy” and a consensus target price of GBX 1,481.25.

Rose Petroleum plc (ROSE.L) Stock Performance

Shares of ROSE stock opened at GBX 329 on Thursday. The stock has a market cap of £3.25 billion, a PE ratio of -14.56 and a beta of 0.84. The business has a 50-day simple moving average of GBX 319.09 and a 200-day simple moving average of GBX 335.84. The company has a quick ratio of 2.29, a current ratio of 1.72 and a debt-to-equity ratio of 35.18. Rose Petroleum plc has a 52-week low of GBX 294 and a 52-week high of GBX 395.

Insider Activity at Rose Petroleum plc (ROSE.L)

In other news, insider Liam Butterworth purchased 161,045 shares of the company’s stock in a transaction that occurred on Tuesday, October 13th. The shares were bought at an average price of GBX 310 per share, for a total transaction of £499,239.50. Also, insider Justin Dowley purchased 161,576 shares of the company’s stock in a transaction that occurred on Thursday, October 22nd. The shares were purchased at an average price of GBX 309 per share, for a total transaction of £499,269.84. Insiders bought a total of 737,424 shares of company stock worth $238,809,939 in the last three months. Company insiders own 0.67% of the company’s stock.

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.