TD Securities Raises Sasol (NYSE:SSL) Price Target to $11.50
Sasol (NYSE:SSL) had its target price boosted by TD Securities from $10.00 to $11.50 in a research note issued to investors on Tuesday, Stock Target Advisor reports. The firm currently has a buy rating on the oil and gas company’s stock.
Several other equities analysts also recently weighed in on the company. ValuEngine upgraded Sasol from a sell rating to a hold rating in a research report on Wednesday, September 4th. UBS Group downgraded Sasol from a buy rating to a neutral rating in a research report on Tuesday, September 3rd. Zacks Investment Research lowered Sasol from a buy rating to a hold rating in a research note on Wednesday, October 30th. CIBC upgraded Sasol from a neutral rating to an outperform rating and upped their price target for the stock from $10.00 to $11.25 in a research note on Thursday, October 31st. Finally, Citigroup upgraded Sasol from a neutral rating to a buy rating in a research note on Monday, September 16th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $14.92.
NYSE SSL opened at $19.91 on Tuesday. The business’s 50-day moving average price is $18.48 and its 200 day moving average price is $22.64. Sasol has a twelve month low of $16.48 and a twelve month high of $34.03. The company has a current ratio of 1.59, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60.
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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