Sasol (NYSE:SSL) was downgraded by Renaissance Capital from a “hold” rating to a “sell” rating in a research note issued on Tuesday, The Fly reports.
A number of other research firms have also recently weighed in on SSL. Citigroup raised shares of Sasol from a “neutral” rating to a “buy” rating in a research report on Monday, September 16th. TD Securities upped their price objective on shares of Sasol from $10.00 to $11.50 and gave the company a “buy” rating in a research report on Tuesday, November 5th. CIBC raised shares of Sasol from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $10.00 to $11.25 in a research report on Thursday, October 31st. Zacks Investment Research cut shares of Sasol from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, ValuEngine raised shares of Sasol from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $14.92.
NYSE:SSL traded up $0.05 on Tuesday, reaching $19.72. The stock had a trading volume of 10,872 shares, compared to its average volume of 271,775. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.59. The company has a 50-day moving average of $18.51 and a 200 day moving average of $22.51. Sasol has a 12-month low of $16.48 and a 12-month high of $34.03.
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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