Sasol Ltd. (SSL) Shares Down 3.3%
Sasol Ltd. (NYSE:SSL) shares were down 3.3% on Monday . The stock traded as low as $27.21 and last traded at $27.33, with a volume of 111,397 shares. The stock had previously closed at $28.26.
Several research analysts recently weighed in on SSL shares. Morgan Stanley raised shares of Sasol from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, August 10th. Zacks Investment Research raised shares of Sasol from a “sell” rating to a “strong-buy” rating and set a $35.00 price objective on the stock in a research note on Thursday, June 2nd. Finally, Bank of America Corp. raised shares of Sasol from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 16th. One investment 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 presently has an average rating of “Hold” and a consensus target price of $35.00.
The company has a 50 day moving average of $27.38 and a 200 day moving average of $28.65. The company has a market cap of $77.62 million and a PE ratio of 13.00.
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.