Sasol Ltd. (SSL) Trading Down 3.8%
Sasol Ltd. (NYSE:SSL) shares fell 3.8% during mid-day trading on Wednesday . The stock traded as low as $25.13 and last traded at $25.19, with a volume of 306,635 shares. The stock had previously closed at $26.19.
Several research firms have recently issued reports on SSL. Morgan Stanley raised Sasol from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, August 10th. Zacks Investment Research cut Sasol from a “buy” rating to a “hold” rating in a research report on Thursday, May 12th. Finally, Bank of America Corp. raised Sasol from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Sasol currently has an average rating of “Hold” and a consensus price target of $35.00.
The stock has a market capitalization of $73.25 million and a PE ratio of 12.1924. The stock’s 50 day moving average price is $27.26 and its 200 day moving average price is $28.71.
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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