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Bluescope Steel ( (AU:BSL) ) has shared an announcement.
Bluescope Steel Limited has announced an update on its ongoing buy-back program, reporting a total of 65,561,782 securities bought back before the previous day and an additional 42,015 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and reflecting confidence in its financial health.
The most recent analyst rating on (AU:BSL) stock is a Buy with a A$27.50 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 Limited operates in the steel manufacturing industry, focusing on producing and distributing steel products. The company is known for its high-quality steel offerings and serves various markets, including construction, automotive, and manufacturing sectors.
YTD Price Performance: 30.53%
Average Trading Volume: 2,984,279
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$10.43B
Find detailed analytics on BSL stock on TipRanks’ Stock Analysis page.