Rose Petroleum plc (ROSE.L) (LON:ROSE) Price Target Raised to GBX 450

Key Points

• Analysts at Berenberg and Stifel raised their price targets to GBX 450 and GBX 500 respectively and both maintain a Buy rating, leaving the stock with an average target of GBX 475.
• Berenberg's target implies about a 33.9% upside from the recent open of GBX 336 (shares were down ~0.3% at the open); the company has a market cap of ~£3.32bn and a trailing P/E of -14.87.
• Rose Petroleum primarily explores and develops oil and gas in the U.S., holding a 75% working interest in the Paradox Basin covering roughly 80,000 net acres in Utah.

Rose Petroleum plc (ROSE.L) (LON:ROSE - Get Free Report) had its price target raised by analysts at Berenberg Bank from GBX 440 to GBX 450 in a research note issued on Thursday,London Stock Exchange reports. The firm currently has a "buy" rating on the stock. Berenberg Bank's price objective suggests a potential upside of 33.93% from the company's current price.

Separately, Stifel Nicolaus increased their price target on Rose Petroleum plc (ROSE.L) from GBX 420 to GBX 500 and gave the stock a "buy" rating in a research report on Thursday, March 5th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of GBX 475.

Rose Petroleum plc (ROSE.L) Stock Down 0.3%

Shares of Rose Petroleum plc (ROSE.L) stock opened at GBX 336 on Thursday. The company has a current ratio of 1.76, a quick ratio of 2.29 and a debt-to-equity ratio of 38.28. The business's 50 day simple moving average is GBX 330.68 and its 200-day simple moving average is GBX 339.75. The stock has a market capitalization of £3.32 billion, a price-to-earnings ratio of -14.87 and a beta of 1.01. Rose Petroleum plc has a twelve month low of GBX 300 and a twelve month high of GBX 660.

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.

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