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Bluescope Steel ( (AU:BSL) ) has provided an update.
Bluescope Steel Limited has announced an update on its ongoing on-market buy-back program, reporting the acquisition of 42,012 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 65,686,797. This buy-back initiative is part of the company’s strategy to optimize its capital structure and enhance shareholder value, reflecting its strong financial position and commitment to returning capital to shareholders.
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 wide range of steel solutions and has a significant market presence in the Asia-Pacific region.
Average Trading Volume: 3,000,100
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$10.47B
Find detailed analytics on BSL stock on TipRanks’ Stock Analysis page.