In a report published Monday, Bank of America analyst Avishkar Nagaser reiterated an Underperform rating and $55.00 price target on Sasol Limited SSL.
In the report, Bank of America noted, “Sasol (SOL) reported FY14 results, with HEPS at the midpoint of guidance, below our and consensus pre-trading statement forecasts. Cash generation during the period was strong, with the balance sheet remaining ungeared. FID on the cracker is still expected by the end of CY14. Total dividend for FY14 was ZAR21.50, slightly lower than our forecast of ZAR22.50 – final dividend of ZAR13.50. We continue to believe that these results are well reflected in the share price and premium valuation. SOL is trading on a FY15E PE of 10x and dividend yield of 3.7%.”
Sasol Limited closed on Friday at $59.73.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in