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

Shares of Sasol Limited (NYSE:SSL) have earned an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $7.50.

Several research firms recently commented on SSL. Zacks Investment Research lowered Sasol from a “hold” rating to a “strong sell” rating in a report on Friday, June 28th. Macquarie lowered Sasol from an “outperform” rating to a “neutral” rating in a report on Wednesday, May 22nd. HSBC lowered Sasol from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. JPMorgan Chase & Co. lowered Sasol from an “overweight” rating to a “neutral” rating in a report on Thursday, May 23rd. Finally, ValuEngine lowered Sasol from a “hold” rating to a “sell” rating in a report on Tuesday, June 4th.

A number of institutional investors and hedge funds have recently modified their holdings of SSL. ARGA Investment Management LP grew its holdings in Sasol by 151.1% in the second 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. Morgan Stanley grew its holdings in Sasol by 2,535.4% in the second 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 grew its holdings in Sasol by 612.0% in the fourth 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. Todd Asset Management LLC acquired a new stake in Sasol in the first quarter valued at approximately $2,587,000. Finally, Pzena Investment Management LLC grew its holdings in Sasol by 68.9% in the first quarter. Pzena Investment Management LLC now owns 118,526 shares of the oil and gas company’s stock valued at $3,667,000 after purchasing an additional 48,340 shares during the period. 2.10% of the stock is currently owned by institutional investors.



Sasol stock traded down $0.16 during midday trading on Thursday, hitting $17.76. 8,932 shares of the company were exchanged, compared to its average volume of 218,612. The firm has a market capitalization of $11.04 billion, a PE ratio of 8.58, a price-to-earnings-growth ratio of 1.40 and a beta of 0.98. Sasol has a fifty-two week low of $17.03 and a fifty-two week high of $39.73. The business has a fifty day simple moving average of $21.93 and a two-hundred day simple moving average of $27.53. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.96 and a current ratio of 1.57.

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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