Sasol (SSL) Stock Rating Lowered by Deutsche Bank

Deutsche Bank cut shares of Sasol (NYSE:SSL) from a buy rating to a hold rating in a report issued on Tuesday, Marketbeat Ratings reports.

A number of other research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Sasol from a sell rating to a strong-buy rating and set a $43.00 price target on the stock in a research note on Tuesday, May 15th. Macquarie upgraded shares of Sasol from a neutral rating to an outperform rating in a research note on Thursday, April 26th. ValuEngine upgraded shares of Sasol from a hold rating to a buy rating in a research note on Saturday, April 7th. UBS upgraded shares of Sasol from a sell rating to a neutral rating in a research note on Wednesday, April 4th. Finally, Citigroup upgraded shares of Sasol from a neutral rating to a buy rating in a research note on Wednesday, February 28th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $43.00.

Shares of Sasol opened at $37.02 on Tuesday, according to Marketbeat Ratings. Sasol has a 52 week low of $26.92 and a 52 week high of $38.75. The stock has a market capitalization of $24.31 billion, a P/E ratio of 14.35, a P/E/G ratio of 2.49 and a beta of 0.90. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.36.

A number of hedge funds and other institutional investors have recently bought and sold shares of SSL. Unison Advisors LLC bought a new stake in Sasol in the 4th quarter valued at about $1,698,000. SG Americas Securities LLC bought a new stake in Sasol in the 4th quarter valued at about $160,000. Gilman Hill Asset Management LLC boosted its holdings in Sasol by 16.6% in the 4th quarter. Gilman Hill Asset Management LLC now owns 12,705 shares of the oil and gas company’s stock valued at $435,000 after purchasing an additional 1,805 shares during the period. Comerica Bank boosted its holdings in Sasol by 4.5% in the 4th quarter. Comerica Bank now owns 46,389 shares of the oil and gas company’s stock valued at $1,702,000 after purchasing an additional 1,977 shares during the period. Finally, Aperio Group LLC boosted its holdings in Sasol by 17.5% in the 4th quarter. Aperio Group LLC now owns 300,963 shares of the oil and gas company’s stock valued at $10,296,000 after purchasing an additional 44,752 shares during the period. 2.19% of the stock is owned by hedge funds and other institutional investors.

About Sasol

Sasol Limited operates as an integrated chemicals and energy company. It operates through Mining, Exploration and Production International, Energy, Base Chemicals, and Performance Chemicals segments. The company operates coal mines; develops and manages upstream interests in oil and gas exploration and production in Mozambique, South Africa, Australia, Canada, and Gabon; and markets commodity and various performance chemicals, such as organics, inorganics and wax value chains, as well as polymers, solvents, and ammonia-based fertilizers.

Analyst Recommendations for Sasol (NYSE:SSL)

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