Sasol Ltd. (SSL) Shares Gap Up to $25.15
Sasol Ltd. (NYSE:SSL) shares gapped up before the market opened on Friday . The stock had previously closed at $24.79, but opened at $25.15. Sasol shares last traded at $25.78, with a volume of 91,475 shares.
Several research analysts have issued reports on the stock. Morgan Stanley upgraded shares of Sasol from an “equal weight” rating to an “overweight” rating in a report on Wednesday, August 10th. Zacks Investment Research cut shares of Sasol from a “buy” rating to a “hold” rating in a report on Thursday, May 12th. Finally, Bank of America Corp. upgraded shares of Sasol from a “neutral” rating to a “buy” rating in a report on Tuesday, August 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $35.00.
The stock has a market cap of $73.14 million and a price-to-earnings ratio of 12.17. The firm’s 50 day moving average price is $27.21 and its 200-day moving average price is $28.69.
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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