Sasol Ltd. (NYSE:SSL) shares gapped up before the market opened 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 traded.

SSL has been the subject of several recent research reports. Zacks Investment Research cut Sasol from a “buy” rating to a “hold” rating in a research report on Thursday, May 12th. Morgan Stanley raised Sasol from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, August 10th. Finally, Bank of America Corp. upgraded Sasol from a “neutral” rating to a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Sasol presently has a consensus rating of “Hold” and an average target price of $35.00.

The stock has a market cap of $80.20 million and a P/E ratio of 13.43. The firm’s 50 day moving average is $27.38 and its 200-day moving average is $28.65.

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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