Sasol Limited (NYSE:SSL) Given Consensus Rating of “Hold” by Brokerages

Sasol Limited (NYSE:SSL) has been given a consensus rating of “Hold” by the eight ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $7.50.

Several analysts recently weighed in on SSL shares. Zacks Investment Research raised Sasol from a “sell” rating to a “hold” rating in a report on Saturday, April 20th. HSBC cut Sasol from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. Citigroup cut Sasol from a “buy” rating to a “neutral” rating in a report on Thursday, May 23rd. JPMorgan Chase & Co. cut Sasol from an “overweight” rating to a “neutral” rating in a report on Thursday, May 23rd. Finally, Macquarie cut Sasol from an “outperform” rating to a “neutral” rating in a report on Wednesday, May 22nd.

Shares of NYSE SSL opened at $24.49 on Wednesday. The company has a market cap of $16.78 billion, a P/E ratio of 11.83, a P/E/G ratio of 2.01 and a beta of 1.04. The business’s 50 day simple moving average is $26.75. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.57 and a quick ratio of 0.96. Sasol has a 12 month low of $23.92 and a 12 month high of $39.73.

A number of large investors have recently added to or reduced their stakes in SSL. ARGA Investment Management LP raised its holdings in Sasol by 18.0% in the 1st quarter. ARGA Investment Management LP now owns 347,391 shares of the oil and gas company’s stock valued at $10,748,000 after acquiring an additional 52,950 shares in the last quarter. Jane Street Group LLC acquired a new position in Sasol in the 4th quarter valued at $8,571,000. Deutsche Bank AG raised its holdings in Sasol by 612.0% in the 4th quarter. Deutsche Bank AG now owns 171,007 shares of the oil and gas company’s stock valued at $5,008,000 after acquiring an additional 146,988 shares in the last quarter. Pzena Investment Management LLC raised its holdings in Sasol by 68.9% in the 1st quarter. Pzena Investment Management LLC now owns 118,526 shares of the oil and gas company’s stock valued at $3,667,000 after acquiring an additional 48,340 shares in the last quarter. Finally, Pillar Pacific Capital Management LLC raised its holdings in Sasol by 5.2% in the 1st quarter. Pillar Pacific Capital Management LLC now owns 111,784 shares of the oil and gas company’s stock valued at $3,458,000 after acquiring an additional 5,575 shares in the last quarter. 2.02% of the stock is owned by institutional investors and hedge funds.

Sasol Company Profile

Sasol Limited operates as an integrated chemical and energy company in South Africa. The company operates through Mining, Exploration and Production International, Energy, Base Chemicals, and Performance Chemicals segments. It operates coal mines; and develops and manages upstream interests in oil and gas exploration and production in Mozambique, South Africa, Australia, Canada, Gabon, and Australia.

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Analyst Recommendations for Sasol (NYSE:SSL)

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