Sasol Ltd. (SSL) Earns “Outperform” Rating from Royal Bank Of Canada
Sasol Ltd. (NYSE:SSL)‘s stock had its “outperform” rating restated by analysts at Royal Bank Of Canada in a research note issued on Thursday.
A number of other research firms also recently weighed in on SSL. Zacks Investment Research upgraded shares of Sasol from a “sell” rating to a “hold” rating in a research note on Thursday, August 31st. BidaskClub cut shares of Sasol from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Finally, J P Morgan Chase & Co cut shares of Sasol from an “overweight” rating to a “neutral” rating in a research note on Tuesday, July 18th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Sasol has a consensus rating of “Buy”.
Sasol (NYSE SSL) traded up 1.19% during midday trading on Thursday, hitting $30.86. 366,392 shares of the company traded hands. Sasol has a 12-month low of $24.91 and a 12-month high of $32.40. The company has a market capitalization of $19.92 billion, a price-to-earnings ratio of 12.33 and a beta of 0.88. The stock’s 50-day moving average price is $29.94 and its 200 day moving average price is $29.39.
TRADEMARK VIOLATION NOTICE: “Sasol Ltd. (SSL) Earns “Outperform” Rating from Royal Bank Of Canada” was published by American Banking News and is owned by of American Banking News. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright law. The correct version of this report can be accessed at https://www.americanbankingnews.com/2017/09/07/sasol-ltd-ssl-earns-outperform-rating-from-royal-bank-of-canada.html.
Institutional investors and hedge funds have recently bought and sold shares of the business. Teza Capital Management LLC bought a new position in Sasol during the 1st quarter valued at about $272,000. Fagan Associates Inc. bought a new position in Sasol during the 1st quarter valued at about $422,000. Ngam Advisors L.P. lifted its stake in Sasol by 7.3% during the 1st quarter. Ngam Advisors L.P. now owns 11,367 shares of the oil and gas company’s stock valued at $334,000 after acquiring an additional 775 shares during the period. Goldman Sachs Group Inc. bought a new position in Sasol during the 1st quarter valued at about $5,638,000. Finally, BB&T Corp lifted its stake in Sasol by 7.0% during the 2nd quarter. BB&T Corp now owns 30,420 shares of the oil and gas company’s stock valued at $850,000 after acquiring an additional 1,991 shares during the period. Institutional investors and hedge funds own 1.82% of the company’s stock.
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.
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.