Consequently, there could be more upside to come despite a 20% rerating in the last week, including a 6.5% rally in the first hour of trading this morning.
Its share price has performed strongly over the past five years thanks to the rerating of the company as an industrial stock rather than a volatile refiner.
This indicates that they could be due for an upward rerating to push their valuation over 20% higher, with a yield of 4.1% also being a major attraction.
