Sasol (SSL) Downgraded by JPMorgan Chase & Co. to Neutral
Several other brokerages have also commented on SSL. Zacks Investment Research raised Sasol from a sell rating to a hold rating in a report on Saturday, April 20th. HSBC lowered Sasol from a buy rating to a hold rating in a research note on Wednesday. Macquarie lowered Sasol from an outperform rating to a neutral rating in a research note on Friday, February 8th. Finally, Bank of America lowered Sasol from a buy rating to a neutral rating in a research note on Monday, February 11th. Eight analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $20.75.
Shares of SSL opened at $24.69 on Thursday. The company has a current ratio of 1.57, a quick ratio of 0.96 and a debt-to-equity ratio of 0.50. Sasol has a 12 month low of $25.56 and a 12 month high of $39.73. The company has a market capitalization of $16.70 billion, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 2.03 and a beta of 0.85.
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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