Sasol Limited (SSL) Reaches $36.20 52-Week High; Shorts at CHINASOFT INTERNATIONAL LTD (CFTLF) Lowered By 0.28%

January 14, 2018 - By Adrian Erickson

The stock of Sasol Limited (NYSE:SSL) hit a new 52-week high and has $37.65 target or 4.00% above today’s $36.20 share price. The 5 months bullish chart indicates low risk for the $20.68 billion company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $37.65 price target is reached, the company will be worth $827.04 million more. The stock increased 2.40% or $0.85 during the last trading session, reaching $36.2. About 239,652 shares traded or 15.97% up from the average. Sasol Limited (NYSE:SSL) has risen 6.49% since January 14, 2017 and is uptrending. It has underperformed by 10.21% the S&P500.

CHINASOFT INTERNATIONAL LTD (OTCMKTS:CFTLF) had a decrease of 0.28% in short interest. CFTLF’s SI was 11.67 million shares in January as released by FINRA. Its down 0.28% from 11.70M shares previously. With 600 avg volume, 19446 days are for CHINASOFT INTERNATIONAL LTD (OTCMKTS:CFTLF)’s short sellers to cover CFTLF’s short positions. It closed at $0.7 lastly. It is down 0.00% since January 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Sasol Limited operates as an integrated chemicals and energy company. The company has market cap of $20.68 billion. It operates through Mining, Exploration and Production International, Energy, Base Chemicals, and Performance Chemicals divisions. It has a 13.48 P/E ratio. The firm operates coal mines; develops and manages upstream interests in gas and oil 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 fertilizers.

Among 7 analysts covering Sasol (NYSE:SSL), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Sasol had 11 analyst reports since September 9, 2015 according to SRatingsIntel. The firm has “Buy” rating by Citigroup given on Wednesday, September 9. The firm earned “Hold” rating on Tuesday, July 18 by J.P. Morgan. On Tuesday, August 16 the stock rating was upgraded by Bank of America to “Buy”. Citigroup upgraded the stock to “Buy” rating in Wednesday, September 14 report. On Wednesday, August 10 the stock rating was upgraded by Morgan Stanley to “Overweight”. The rating was downgraded by Citigroup to “Hold” on Tuesday, November 28. On Monday, September 26 the stock rating was initiated by Credit Suisse with “Outperform”. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, April 5. The stock of Sasol Limited (NYSE:SSL) has “Neutral” rating given on Friday, March 11 by Bank of America. As per Wednesday, March 9, the company rating was downgraded by Macquarie Research.

Chinasoft International Limited, an investment holding company, develops and provides information technology solutions, IT outsourcing and emerging, and training services. The company has market cap of $1.73 billion. It operates through Technical Professional Services Group and Internet IT Services Group divisions. It has a 23.33 P/E ratio. The firm offers ResourceOne and TopLink/TSA+ software, and Ark big data middleware platforms; strategic, business, and IT consulting services; and application software and solutions planning, design, development, integration, and operation and maintenance services.

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