Sasol Limited (SSL) Receives $7.50 Consensus Target Price from Brokerages

Shares of Sasol Limited (NYSE:SSL) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $7.50.

SSL has been the subject of several research analyst reports. Macquarie lowered Sasol from an “outperform” rating to a “neutral” rating in a report on Friday, February 8th. Zacks Investment Research raised Sasol from a “sell” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Tuesday, January 29th. Finally, Bank of America lowered Sasol from a “buy” rating to a “neutral” rating in a report on Monday, February 11th.

Several institutional investors and hedge funds have recently modified their holdings of SSL. NumerixS Investment Technologies Inc grew its holdings in Sasol by 112.5% during the fourth quarter. NumerixS Investment Technologies Inc now owns 1,700 shares of the oil and gas company’s stock valued at $50,000 after purchasing an additional 900 shares during the period. Csenge Advisory Group bought a new stake in Sasol during the third quarter valued at about $87,000. SG Americas Securities LLC bought a new stake in Sasol during the fourth quarter valued at about $129,000. Quadrant Capital Group LLC grew its holdings in Sasol by 221.3% during the fourth quarter. Quadrant Capital Group LLC now owns 7,515 shares of the oil and gas company’s stock valued at $215,000 after purchasing an additional 5,176 shares during the period. Finally, D. E. Shaw & Co. Inc. bought a new stake in Sasol during the fourth quarter valued at about $357,000. 2.14% of the stock is owned by institutional investors.



Shares of SSL stock traded down $0.69 during mid-day trading on Monday, hitting $30.80. The company’s stock had a trading volume of 203,756 shares, compared to its average volume of 179,239. Sasol has a 52-week low of $27.40 and a 52-week high of $39.73. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.57 and a quick ratio of 0.96. The stock has a market capitalization of $20.51 billion, a P/E ratio of 14.88, a P/E/G ratio of 2.38 and a beta of 0.82.

The company also recently disclosed a semiannual dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 15th will be issued a $0.4263 dividend. This represents a dividend yield of 2.81%. The ex-dividend date is Thursday, March 14th. Sasol’s payout ratio is currently 29.47%.

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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