Sasol Limited (NYSE:SSL) Receives $7.50 Average Target Price from Analysts

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Sasol Limited (NYSE:SSL) has been given an average recommendation of “Hold” by the eight research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $7.50.

Several research firms have recently issued reports on SSL. Macquarie cut Sasol from an “outperform” rating to a “neutral” rating in a research report on Wednesday, May 22nd. Zacks Investment Research cut Sasol from a “hold” rating to a “strong sell” rating in a research report on Friday, June 28th. HSBC cut Sasol from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. ValuEngine cut Sasol from a “hold” rating to a “sell” rating in a research report on Tuesday, June 4th. Finally, Citigroup cut Sasol from a “buy” rating to a “neutral” rating in a research report on Thursday, May 23rd.

Shares of NYSE:SSL traded down $0.74 on Thursday, hitting $17.67. 389,600 shares of the company’s stock were exchanged, compared to its average volume of 209,784. The firm’s 50-day moving average is $22.35 and its 200 day moving average is $27.68. The company has a market capitalization of $11.50 billion, a PE ratio of 8.54, a P/E/G ratio of 1.46 and a beta of 0.98. Sasol has a 1-year low of $17.03 and a 1-year high of $39.73. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.96 and a current ratio of 1.57.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. ARGA Investment Management LP boosted its position in shares of Sasol by 151.1% in the 2nd quarter. ARGA Investment Management LP now owns 872,209 shares of the oil and gas company’s stock valued at $21,674,000 after purchasing an additional 524,818 shares during the period. Bamco Inc. NY boosted its position in shares of Sasol by 0.3% in the 2nd quarter. Bamco Inc. NY now owns 823,390 shares of the oil and gas company’s stock valued at $20,461,000 after purchasing an additional 2,760 shares during the period. Morgan Stanley boosted its position in shares of Sasol by 2,535.4% in the 2nd quarter. Morgan Stanley now owns 492,399 shares of the oil and gas company’s stock valued at $12,237,000 after purchasing an additional 473,715 shares during the period. Deutsche Bank AG boosted its position in shares of 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 purchasing an additional 146,988 shares during the period. Finally, Pzena Investment Management LLC boosted its position in shares of Sasol by 8.5% in the 2nd quarter. Pzena Investment Management LLC now owns 128,636 shares of the oil and gas company’s stock valued at $3,197,000 after purchasing an additional 10,110 shares during the period. 2.16% of the stock is owned by hedge funds and other institutional investors.

About Sasol

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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