Rose Petroleum plc (ROSE.L) (LON:ROSE) Stock Rating Reaffirmed as “Buy” by Berenberg Bank

Rose Petroleum plc (ROSE.L) (LON:ROSE)‘s stock had its “buy” rating restated by equities research analysts at Berenberg Bank in a research note issued on Thursday, Digital Look reports. They currently have a GBX 450 price target on the stock. Berenberg Bank‘s price target would suggest a potential upside of 33.93% from the company’s current price.

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

Rose Petroleum plc (ROSE.L) Price Performance

Shares of LON:ROSE opened at GBX 336 on Thursday. The company has a quick ratio of 2.29, a current ratio of 1.72 and a debt-to-equity ratio of 35.18. The business has a 50 day moving average price of GBX 319.75 and a 200 day moving average price of GBX 335.93. The company has a market cap of £3.32 billion, a price-to-earnings ratio of -14.87 and a beta of 0.84. Rose Petroleum plc has a twelve month low of GBX 294 and a twelve month high of GBX 395.

Insiders Place Their Bets

In related news, insider Justin Dowley acquired 161,576 shares of the firm’s stock in a transaction on Thursday, October 22nd. The shares were bought at an average cost of GBX 309 per share, with a total value of £499,269.84. Also, insider James Christopher Miller acquired 414,803 shares of the firm’s stock in a transaction on Tuesday, September 8th. The shares were bought at an average cost of GBX 335 per share, for a total transaction of £1,389,590.05. Insiders acquired a total of 737,424 shares of company stock worth $238,809,939 over the last quarter. 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.