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Bluescope Steel ( (AU:BSL) ) has issued an announcement.
Bluescope Steel Limited has announced an update regarding its ongoing on-market buy-back program, with a total of 65,418,759 securities bought back prior to the previous day and an additional 41,850 securities acquired on the previous day. This buy-back initiative reflects the company’s strategic focus on optimizing its capital structure and enhancing shareholder value.
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 industry, focusing on the production and distribution of steel products. The company is known for its high-quality steel offerings and serves a diverse range of markets globally, including construction, manufacturing, and automotive sectors.
Average Trading Volume: 2,941,195
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$10.51B
Learn more about BSL stock on TipRanks’ Stock Analysis page.