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Bluescope Steel ( (AU:BSL) ) has provided an announcement.
Bluescope Steel Limited has announced an update on its ongoing share buy-back program, with a total of 65,345,492 securities bought back prior to the previous day and an additional 30,000 securities acquired on the previous day. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value, reflecting a proactive approach in managing its financial resources.
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 high-quality steel offerings and serves a broad market, including construction and manufacturing sectors.
YTD Price Performance: 20.54%
Average Trading Volume: 2,114,403
Technical Sentiment Signal: Buy
Current Market Cap: A$9.63B
For an in-depth examination of BSL stock, go to TipRanks’ Overview page.