Sasol Ltd. (NYSE:SSL) shares dropped 3.8% during trading on Wednesday . The stock traded as low as $25.13 and last traded at $25.19, with a volume of 306,635 shares traded. The stock had previously closed at $26.19.

SSL has been the topic of several recent analyst reports. Zacks Investment Research downgraded 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. raised Sasol from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 16th. One investment 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. The company has an average rating of “Hold” and an average target price of $35.00.

The stock has a market cap of $71.69 million and a price-to-earnings ratio of 11.93. The stock’s 50 day moving average price is $27.38 and its 200-day moving average price is $28.76.

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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