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Bluescope Steel ( (AU:BSL) ) just unveiled an announcement.
Bluescope Steel Limited has announced an update regarding its ongoing on-market buy-back program, with a total of 65,375,492 securities bought back before the previous day and an additional 1,267 securities bought back on the previous day. This buy-back initiative is part of Bluescope’s strategy to optimize its capital structure and enhance shareholder value, reflecting the company’s robust financial position and commitment to returning capital to shareholders.
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 range of flat steel products and is a significant player in the global steel market.
Average Trading Volume: 2,848,855
Technical Sentiment Signal: Buy
Current Market Cap: A$9.92B
Learn more about BSL stock on TipRanks’ Stock Analysis page.