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Bluescope Steel ( (AU:BSL) ) has issued an announcement.
Bluescope Steel Limited has announced a daily update on its ongoing on-market buy-back program, revealing that a total of 65,240,492 securities have been bought back before the previous day, with an additional 45,000 securities purchased on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:BSL) stock is a Hold with a A$24.90 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 industry, focusing on the production and distribution of steel products. The company is known for its fully paid ordinary securities and is listed on the Australian Securities Exchange under the code BSL.
Average Trading Volume: 2,097,259
Technical Sentiment Signal: Buy
Current Market Cap: A$9.92B
For an in-depth examination of BSL stock, go to TipRanks’ Overview page.