Sasol Ltd. (NYSE:SSL) has earned an average recommendation of “Buy” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company.

A number of brokerages have recently issued reports on SSL. Zacks Investment Research cut shares of Sasol from a “hold” rating to a “sell” rating in a research note on Wednesday, March 22nd. HSBC Holdings plc raised shares of Sasol from a “hold” rating to a “buy” rating in a research note on Tuesday, March 28th. Finally, BidaskClub cut shares of Sasol from a “hold” rating to a “sell” rating in a research note on Friday, June 16th.

TRADEMARK VIOLATION NOTICE: This story was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark laws. The original version of this story can be read at https://www.americanbankingnews.com/2017/07/10/sasol-ltd-nysessl-receives-consensus-recommendation-of-buy-from-analysts.html.

Sasol (SSL) opened at 27.27 on Monday. The stock has a market capitalization of $77.39 million, a price-to-earnings ratio of 14.86 and a beta of 0.88. The stock’s 50 day moving average is $29.44 and its 200-day moving average is $29.39. Sasol has a 52-week low of $24.85 and a 52-week high of $32.40.

A number of institutional investors have recently bought and sold shares of SSL. Wedbush Securities Inc. boosted its position in Sasol by 2.8% in the first quarter. Wedbush Securities Inc. now owns 8,869 shares of the oil and gas company’s stock valued at $261,000 after buying an additional 245 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Sasol by 2.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,377 shares of the oil and gas company’s stock valued at $393,000 after buying an additional 290 shares during the last quarter. Capstone Asset Management Co. boosted its position in Sasol by 1.3% in the first quarter. Capstone Asset Management Co. now owns 31,782 shares of the oil and gas company’s stock valued at $934,000 after buying an additional 420 shares during the last quarter. Foyston Gordon & Payne Inc boosted its position in Sasol by 2.0% in the first quarter. Foyston Gordon & Payne Inc now owns 27,099 shares of the oil and gas company’s stock valued at $797,000 after buying an additional 530 shares during the last quarter. Finally, World Asset Management Inc boosted its position in Sasol by 1.4% in the first quarter. World Asset Management Inc now owns 40,593 shares of the oil and gas company’s stock valued at $1,193,000 after buying an additional 574 shares during the last quarter. 2.42% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Sasol (NYSE:SSL)

Receive News & Ratings for Sasol Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sasol Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.