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The latest announcement is out from Bluescope Steel ( (AU:BSL) ).
BlueScope Steel has announced the sale of its 50% stake in the Tata BlueScope Steel joint venture to Tata Steel. This transaction, expected to yield net proceeds of $179 million and a net profit of $70 million after taxes, allows BlueScope to focus on growth investments and initiatives within its strategic portfolio, while recognizing the value created over two decades of partnership.
The most recent analyst rating on (AU:BSL) stock is a Buy with a A$26.75 price target. To see the full list of analyst forecasts on Bluescope Steel stock, see the AU:BSL Stock Forecast page.
More about Bluescope Steel
BlueScope Steel is a major player in the steel industry, specializing in coated and painted steel products. The company focuses on serving the building and construction markets, leveraging strategic partnerships to enhance its market presence.
Average Trading Volume: 1,989,909
Technical Sentiment Signal: Buy
Current Market Cap: A$9.67B
For an in-depth examination of BSL stock, go to TipRanks’ Overview page.