The stock of Sasol Limited (ADR) (NYSE:SSL) is a huge mover today! About 966,256 shares traded hands or 208.98% up from the average. Sasol Limited (ADR) (NYSE:SSL) has declined 21.37% since April 27, 2016 and is downtrending. It has underperformed by 26.60% the S&P500.
The move comes after 7 months positive chart setup for the $17.31B company. It was reported on Nov, 30 by Barchart.com. We have $28.30 PT which if reached, will make NYSE:SSL worth $1.04B 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. Credit Suisse initiated the stock with “Outperform” rating in Monday, September 26 report. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, April 5. The firm earned “Buy” rating on Tuesday, August 16 by Bank of America. The firm has “Buy” rating by Citigroup given on Wednesday, September 14. Bank of America downgraded Sasol Limited (ADR) (NYSE:SSL) on Friday, March 11 to “Neutral” rating. The stock of Sasol Limited (ADR) (NYSE:SSL) has “Overweight” rating given on Wednesday, August 10 by Morgan Stanley. The firm has “Buy” rating given on Wednesday, September 9 by Citigroup. On Wednesday, March 9 the stock rating was downgraded by Macquarie Research to “Neutral”.
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, Valuewalk.com published: “Gas-to-Liquids Plants Suffer High Implementation Costs” on February 21, 2014. More interesting news about Sasol Limited (ADR) (NYSE:SSL) were released by: Businessfinancenews.com and their article: “Royal Dutch Shell plc (ADR) To Let Go 250 Workers At North Sea” published on March 27, 2015 as well as Seekingalpha.com‘s news article titled: “Buy On Weakness? A Closer Look Into Sasol’s Trading Statement” with publication date: June 13, 2016.
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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