Rose Petroleum plc (ROSE.L) (LON:ROSE) Earns "Buy" Rating from Jefferies Financial Group

Key Points

• Jefferies Financial Group reaffirmed its “Buy” rating on Rose Petroleum, setting a GBX 475 price target—representing 36.49% potential upside from the previous close.
• Rose has received broadly positive analyst coverage, with four Buy ratings and a consensus target price of GBX 1,481.25, despite shares trading down 1.7% to GBX 348.
• Insiders recently purchased shares, including Simon Antony Peckham’s £350,061 acquisition and Liam Butterworth’s £99,748 purchase; insiders collectively own 0.53% of the company.

Rose Petroleum plc (ROSE.L) (LON:ROSE - Get Free Report)'s stock had its "buy" rating restated by stock analysts at Jefferies Financial Group in a research report issued on Friday, Digital Look reports. They currently have a GBX 475 price objective on the stock. Jefferies Financial Group's target price indicates a potential upside of 36.49% from the stock's previous close.

A number of other equities research analysts have also recently commented on ROSE. Citigroup reissued a "buy" rating and issued a GBX 4,500 price objective on shares of Rose Petroleum plc (ROSE.L) in a research note on Tuesday, June 2nd. Berenberg Bank restated a "buy" rating and set a GBX 450 target price on shares of Rose Petroleum plc (ROSE.L) in a research report on Thursday, July 23rd. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of GBX 1,481.25.

Rose Petroleum plc (ROSE.L) Trading Down 1.7%

LON:ROSE opened at GBX 348 on Friday. The company has a market capitalization of £3.44 billion, a PE ratio of -15.40 and a beta of 0.84. The company has a quick ratio of 2.29, a current ratio of 1.76 and a debt-to-equity ratio of 38.28. Rose Petroleum plc has a 52-week low of GBX 294 and a 52-week high of GBX 395. The stock has a fifty day simple moving average of GBX 335.38 and a 200-day simple moving average of GBX 340.89.

Insiders Place Their Bets

In related news, insider Simon Antony Peckham acquired 109,737 shares of Rose Petroleum plc (ROSE.L) stock in a transaction dated Friday, June 26th. The shares were acquired at an average cost of GBX 319 per share, for a total transaction of £350,061.03. Also, insider Liam Butterworth acquired 31,074 shares of Rose Petroleum plc (ROSE.L) stock in a transaction dated Friday, June 26th. The stock was bought at an average price of GBX 321 per share, for a total transaction of £99,747.54. Insiders own 0.53% of the company's stock.

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.

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