Price Action To Observe: Sasol Limited (ADR) Rises A lot Today, Is Now One of The Best Performer

Price Action To Observe: Sasol Limited (ADR) Rises A lot Today, Is Now One of The Best Performer

The stock of Sasol Limited (ADR) (NYSE:SSL) is a huge mover today! About 218,352 shares traded hands. Sasol Limited (ADR) (NYSE:SSL) has declined 2.93% since April 5, 2016 and is downtrending. It has underperformed by 4.89% the S&P500.
The move comes after 6 months positive chart setup for the $19.01B company. It was reported on Nov, 8 by Barchart.com. We have $38.61 PT which if reached, will make NYSE:SSL worth $7.22 billion more.

Sasol Limited (ADR) (NYSE:SSL) Ratings Coverage

Out of 5 analysts covering Sasol (NYSE:SSL), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Sasol has been the topic of 8 analyst reports since September 9, 2015 according to StockzIntelligence Inc. Bank of America upgraded Sasol Limited (ADR) (NYSE:SSL) on Tuesday, August 16 to “Buy” rating. The firm earned “Outperform” rating on Monday, September 26 by Credit Suisse. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Tuesday, April 5. The stock of Sasol Limited (ADR) (NYSE:SSL) has “Buy” rating given on Wednesday, September 14 by Citigroup. The stock of Sasol Limited (ADR) (NYSE:SSL) has “Neutral” rating given on Friday, March 11 by Bank of America. The firm earned “Overweight” rating on Wednesday, August 10 by Morgan Stanley. Citigroup upgraded the shares of SSL in a report on Wednesday, September 9 to “Buy” rating. The stock of Sasol Limited (ADR) (NYSE:SSL) earned “Neutral” rating by Macquarie Research on Wednesday, March 9.

According to Zacks Investment Research, “Sasol Limited is engaged in the mining and processing of coal. It also produces chemicals, explores for and refines crude oil, and manufactures fertilizers and explosives. In addition, it converts coal to petrochemicals products, such as diesel fuels and gasoline.”

More notable recent Sasol Limited (ADR) (NYSE:SSL) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011, also Marketwatch.com with their article: “Sasol continues cutting costs as profit falls” published on September 12, 2016, Nasdaq.com published: “Sasol Ltd. (SSL) Ex-Dividend Date Scheduled for September 28, 2016” on September 27, 2016. More interesting news about Sasol Limited (ADR) (NYSE:SSL) were released by: Valuewalk.com and their article: “Gas-to-Liquids Plants Suffer High Implementation Costs” published on February 21, 2014 as well as Businessfinancenews.com‘s news article titled: “Royal Dutch Shell plc (ADR) To Let Go 250 Workers At North Sea” with publication date: March 27, 2015.

SSL Company Profile

Sasol Limited, incorporated on June 26, 1979, is an international integrated chemicals and energy company. The Firm develops and commercializes technologies, and manufactures 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. The Company’s Strategic Business Units are energy, base chemicals, performance chemicals and group functions. The Company’s regional operating hubs include Southern Africa Operations and International Operations.

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