Brokerages Set Sasol Limited (NYSE:SSL) Target Price at $7.50

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Sasol Limited (NYSE:SSL) has been given a consensus recommendation of “Hold” by the nine research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $7.50.

SSL has been the topic of a number of recent research reports. Citigroup raised shares of Sasol from a “neutral” rating to a “buy” rating in a research note on Monday. Zacks Investment Research cut shares of Sasol from a “hold” rating to a “strong sell” rating in a research note on Friday, June 28th. ValuEngine raised shares of Sasol from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. UBS Group cut shares of Sasol from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 3rd. Finally, HSBC cut shares of Sasol from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd.

SSL stock traded up $1.78 during midday trading on Monday, reaching $20.73. The company’s stock had a trading volume of 394,266 shares, compared to its average volume of 223,027. Sasol has a 52 week low of $16.92 and a 52 week high of $39.64. The stock has a market cap of $11.91 billion, a PE ratio of 10.01, a price-to-earnings-growth ratio of 1.68 and a beta of 1.01. The company has a quick ratio of 0.96, a current ratio of 1.57 and a debt-to-equity ratio of 0.50. The business’s 50-day simple moving average is $19.01 and its 200-day simple moving average is $26.03.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quantamental Technologies LLC bought a new position in shares of Sasol during the first quarter worth $46,000. O Shaughnessy Asset Management LLC bought a new position in shares of Sasol during the first quarter worth $83,000. BNP Paribas Arbitrage SA boosted its position in shares of Sasol by 174.9% during the first quarter. BNP Paribas Arbitrage SA now owns 3,104 shares of the oil and gas company’s stock worth $96,000 after purchasing an additional 1,975 shares in the last quarter. TRUE Private Wealth Advisors bought a new position in shares of Sasol during the second quarter worth $80,000. Finally, NumerixS Investment Technologies Inc boosted its position in shares of Sasol by 123.5% during the first quarter. NumerixS Investment Technologies Inc now owns 3,800 shares of the oil and gas company’s stock worth $118,000 after purchasing an additional 2,100 shares in the last quarter. 2.19% of the stock is currently owned by 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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