A Valuation Showdown? – BP p.l.c. (BP), Rigel Pharmaceuticals, Inc. (RIGL)
The broad Integrated oil Companies industry has an average P/S ratio of 0.87, which represents discount over the sector’s 10.36. BP traded at an unexpectedly low level on 02/08/2019 when the stock experienced a -0.49% loss to a closing price of $42.49. The analysts, on average, are forecasting a $48 price target, but the stock is already up 17.12% from its recent lows. However, the stock is trading at -11.16% versus recent highs ($47.83). Leading up to this report, we have seen a 5.28% rise in the stock price over the last 30 days and a -0.4% decline over the past 3 months.