Sasol Ltd. (SSL) Stock Price Down 2.1%
Sasol Ltd. (NYSE:SSL)’s share price traded down 2.1% on Friday . The company traded as low as $26.31 and last traded at $26.51, with a volume of 123,819 shares. The stock had previously closed at $27.09.
Separately, Zacks Investment Research raised Sasol from a “sell” rating to a “strong-buy” rating and set a $35.00 price target for the company in a report on Thursday, June 2nd. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Sasol presently has a consensus rating of “Buy” and an average price target of $35.00.
The company has a 50 day moving average of $27.06 and a 200-day moving average of $28.37. The stock has a market capitalization of $76.82 million and a P/E ratio of 13.53.
An institutional investor recently bought a new position in Sasol stock. WBI Investments Inc. acquired a new stake in Sasol Ltd. (NYSE:SSL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 210,254 shares of the company’s stock, valued at approximately $5,639,000.
Sasol Limited (Sasol) is a holding company. The Company is an integrated energy and chemicals company that develops and commercializes technologies, builds and operates facilities to produce a range of product streams, including liquid fuels, high-value chemicals and low-carbon electricity. The Company operates through six segments: Mining, Exploration and Production International, Energy, Base Chemicals, Performance Chemicals and Other.
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