Shares of Sasol Ltd. (NYSE:SSL) gapped down before the market opened on Monday . The stock had previously closed at $24.79, but opened at $25.15. Sasol shares last traded at $25.77, with a volume of 198,500 shares trading hands.

Several research firms have weighed in on SSL. Zacks Investment Research upgraded shares of Sasol from a “sell” rating to a “strong-buy” rating and set a $35.00 target price for the company in a research note on Thursday, June 2nd. Bank of America Corp. upgraded shares of Sasol from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 16th. Finally, Morgan Stanley upgraded shares of 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 sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $35.00.

The stock has a market capitalization of $73.14 million and a price-to-earnings ratio of 12.90. The company has a 50-day moving average of $27.25 and a 200-day moving average of $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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