Sasol (SSL) Stock Rating Lowered by Bank of America

Sasol (NYSE:SSL) was downgraded by Bank of America from a “buy” rating to a “neutral” rating in a research note issued on Monday, The Fly reports.

Several other analysts also recently issued reports on the company. TD Securities reiterated an “average” rating and issued a $7.50 price target on shares of Sasol in a report on Thursday, November 15th. Zacks Investment Research upgraded Sasol from a “sell” rating to a “hold” rating and set a $41.00 price target for the company in a report on Thursday, October 18th. Finally, Macquarie downgraded Sasol from an “outperform” rating to a “neutral” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Sasol has an average rating of “Hold” and an average price target of $20.75.

Shares of NYSE SSL opened at $28.79 on Monday. Sasol has a 12-month low of $27.40 and a 12-month high of $39.73. The firm has a market capitalization of $18.75 billion, a P/E ratio of 13.91, a P/E/G ratio of 1.25 and a beta of 0.84. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.36 and a quick ratio of 0.87.

Several institutional investors have recently made changes to their positions in the company. Foyston Gordon & Payne Inc grew its stake in shares of Sasol by 66.1% during the fourth quarter. Foyston Gordon & Payne Inc now owns 39,017 shares of the oil and gas company’s stock valued at $1,143,000 after acquiring an additional 15,522 shares in the last quarter. Pzena Investment Management LLC grew its stake in shares of Sasol by 3.2% during the fourth quarter. Pzena Investment Management LLC now owns 70,186 shares of the oil and gas company’s stock valued at $2,056,000 after acquiring an additional 2,186 shares in the last quarter. Greenleaf Trust grew its stake in shares of Sasol by 21.5% during the fourth quarter. Greenleaf Trust now owns 33,934 shares of the oil and gas company’s stock valued at $994,000 after acquiring an additional 6,016 shares in the last quarter. FDx Advisors Inc. grew its stake in shares of Sasol by 7.5% during the fourth quarter. FDx Advisors Inc. now owns 17,723 shares of the oil and gas company’s stock valued at $519,000 after acquiring an additional 1,243 shares in the last quarter. Finally, Henry James International Management Inc. acquired a new stake in shares of Sasol during the fourth quarter valued at about $591,000. Institutional investors own 2.19% of the company’s stock.

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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