Quick Answer: Why is the Sasol share price falling?

Is Sasol a good investment now?

The consensus forecast amongst investment analysts is that the share is currently undervalued and could outperform the market in the near future, meaning that Sasol shares may be a surprisingly good purchase today, especially when coupled with the good dividends generally paid out by the company.

Is Sasol stock a buy?

Wall Street analysts have given Sasol a “Buy” rating, but there may be better buying opportunities in the stock market. Some of MarketBeat’s past winning trading ideas have resulted in 5-15% weekly gains.

What is the future of Sasol shares?

Stock Price Forecast

The 8 analysts offering 12-month price forecasts for Sasol Ltd have a median target of 18.25, with a high estimate of 20.81 and a low estimate of 13.94. The median estimate represents a +24.37% increase from the last price of 14.67.

What affects Sasol share price?

Share prices can also be affected by many internal and external factors, such as: Company news and performance. Industry performance. Investor sentiment.

Is Sasol in financial trouble?

Sasol has about $10bn in debt, and its weak balance sheet has prevented it from tapping into the debt market. Sasol executives plan to sell off assets to reduce the debt by $6bn in the 2021 financial year. … The sale of a 51% stake in Sasol’s explosives business to Enaex was completed.

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Which JSE shares to buy now?

Best Performing South African Shares to Consider Investing in…

  • Gold Fields Limited. Gold is one item that you can always count on. …
  • British American Tobacco. Despite the fact that smoking tobacco and cigarettes is not a healthy practice, the sector is on the rise. …
  • Grindrod. …
  • Tesla. …
  • Naspers. …
  • Curro Holdings.

Why did SSL stock drop?

Shares of energy and chemical company Sasol (NYSE:SSL) are down 23.9% as of 10:30 a.m. EDT today. The sharp drop comes after the company announced plans to issue equity to help pay down its debt load.

What is Steinhoff share price?

EO-,50 (SNH.DE) Stock Price, News, Quote & History – Yahoo Finance.

Performance Outlook.

Previous Close 0.1234
Bid 0.1339 x 137500
Ask 0.1346 x 393700
Day’s Range 0.1226 – 0.1355
52 Week Range 0.0351 – 0.1580

What was Sasol highest share price?

Sasol – 39 Year Stock Price History | SSL

  • The all-time high Sasol stock closing price was 66.09 on May 20, 2008.
  • The Sasol 52-week high stock price is 17.98, which is 19.3% above the current share price.
  • The Sasol 52-week low stock price is 4.55, which is 69.8% below the current share price.

Who owns Sasol shares?

Major shareholders include the South African Government Employees Pension Fund, Industrial Development Corporation of South Africa Limited (IDC), Allan Gray Investment Counsel, Coronation Fund Managers, Investec Asset Management, and others. Sasol employs 30,100 people worldwide and has operations in 33 countries.

What makes Sasol successful?

Good location is one of the main reasons why Sasol has the highest visit ratio – 4,221 visits to each of its 294 sites over last three months – according to the research. Shell is second with 3,505 visits at 528 service stations.

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Can I buy Steinhoff shares?

The easiest way to buy Steinhoff Group shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request.

How much is a share at Sasol in rands?

Sasol shares at a glance

52-week range R7122 – R26654
50-day moving average R21911.914
200-day moving average R21775.69
Wall St. target price R546.21
PE ratio N/A