BMO Capital Markets Reiterates "Buy" Rating for Rigel Pharmaceuticals, Inc. (RIGL)

BMO Capital Markets Reiterates

Stock analysts try to figure out the future activity of an instrument, sector or market.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. ValuEngine raised shares of Rigel Pharmaceuticals from a "strong sell" rating to a "sell" rating in a research note on Monday. The original version of this piece can be accessed at Finally, BidaskClub downgraded Rigel Pharmaceuticals from a sell rating to a strong sell rating in a report on Friday, July 28th. Analyst recommendations as stated on FINVIZ are rated on a 1 to 5 scale.

Rigel Pharmaceuticals, Inc. (RIGL) now has a Return on Assets (ROA) value of -82.2 Percent.

Shares of Rigel Pharmaceuticals (NASDAQ:RIGL) opened at 3.23 on Monday. Volume levels spiked and RIGL actually managed a breakout which translated to 6.62 million shares changing hands on the day. Rigel Pharmaceuticals has a 52 week low of $1.94 and a 52 week high of $4.11. At the time of writing, shares were trading -2.25% away from the 20-days simple moving average and -26.51% away from the 200-days simple moving average. Institutional shareholders now hold a 88.01% stake overall in RIGL.

The company's Average Revenue Estimate for the current quarter is $0, while Low and High Revenue Estimates are $0 and $0 respectively. The Return on Equity (ROE) and Return on Investment (ROI) values are -105.8 percent and -126.8 percent respectively. During the same period in the previous year, the business posted ($0.15) EPS.

Rigel Pharmaceuticals, Inc. (RIGL) stock price fell -18.43 percent over the past one year, while increased 2.54 percent during the past 6 months. If you are accessing this story on another site, it was stolen and reposted in violation of USA & global copyright legislation. BMO Capital Markets reissued an "outperform" rating and set a $5.00 target price (up previously from $4.00) on shares of Rigel Pharmaceuticals in a research note on Monday, June 19th. (NASDAQ:RIGL) have caught the attention of investors. Parametric Portfolio Associates LLC lifted its position in Rigel Pharmaceuticals by 11.3% in the 1st quarter. AXA acquired a new stake in Rigel Pharmaceuticals during the 2nd quarter worth $122,000. Rhumbline Advisers now owns 139,814 shares of the biotechnology company's stock worth $382,000 after buying an additional 7,910 shares in the last quarter. Marshall Wace North America L.P. boosted its stake in Rigel Pharmaceuticals by 0.5% in the second quarter.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. Vanguard Group Inc. now owns 6,039,790 shares of the biotechnology company's stock worth $16,489,000 after buying an additional 348,755 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Rigel Pharmaceuticals by 31.1% in the first quarter. Palo Alto Investors LLC now owns 4,254,623 shares of the biotechnology company's stock worth $14,083,000 after buying an additional 78,000 shares in the last quarter.

According to Rigel, the company's outstanding share count will rise from 123.8 million at the end of June up to 137.5 million if the offering's underwriters purchase additional shares.

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