ValuEngine Lowers Sasol (SSL) to Hold
ValuEngine cut shares of Sasol (NYSE:SSL) from a buy rating to a hold rating in a research note issued to investors on Wednesday.
Other research analysts have also issued reports about the stock. Citigroup upgraded shares of Sasol from a neutral rating to a buy rating in a research report on Wednesday, February 28th. Zacks Investment Research upgraded shares of Sasol from a hold rating to a buy rating and set a $33.00 target price for the company in a research report on Wednesday, November 22nd. Finally, JPMorgan Chase & Co. upgraded shares of Sasol from a neutral rating to an overweight rating in a research report on Tuesday, February 13th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $34.00.
Sasol (NYSE:SSL) opened at $35.34 on Wednesday. Sasol has a 1 year low of $26.92 and a 1 year high of $38.75. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.56 and a quick ratio of 1.03.
Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in Sasol during the fourth quarter valued at about $160,000. KCS Wealth Advisory purchased a new stake in Sasol during the fourth quarter valued at about $210,000. First Republic Investment Management Inc. purchased a new stake in Sasol during the fourth quarter valued at about $237,000. Advisor Group Inc. boosted its position in Sasol by 79.9% during the third quarter. Advisor Group Inc. now owns 7,074 shares of the oil and gas company’s stock valued at $195,000 after buying an additional 3,142 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in Sasol by 105.4% during the third quarter. BNP Paribas Arbitrage SA now owns 7,676 shares of the oil and gas company’s stock valued at $211,000 after buying an additional 3,939 shares during the period. Institutional investors and hedge funds own 2.10% of the company’s stock.
Sasol Company Profile
Sasol Limited is an international integrated chemicals and energy company. The Company develops and commercializes technologies, and builds and operates facilities to produce a range of product streams, including liquid fuels, chemicals and low-carbon electricity. The Company’s operating business units include Mining and, Exploration and Production International.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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