Shares of Sasol Ltd. (NYSE:SSL) gapped up prior to trading on Thursday . The stock had previously closed at $27.59, but opened at $27.71. Sasol shares last traded at $28.29, with a volume of 166,656 shares trading hands.

Several analysts have issued reports on SSL shares. Bank of America Corp. upgraded Sasol from a “neutral” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research lowered Sasol from a “buy” rating to a “hold” rating in a research note on Thursday, May 12th. Finally, Morgan Stanley upgraded Sasol from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, August 10th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Sasol has a consensus rating of “Buy” and an average price target of $35.00.

The firm’s 50-day moving average is $27.35 and its 200 day moving average is $28.63. The company has a market capitalization of $80.46 million and a P/E ratio of 13.33.

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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