The word on The Street in general, suggests a Strong Buy analyst consensus rating for Bluescope Steel Limited with a $16.40 average price target, representing a 50.8% upside. In a report issued on June 25, Macquarie also maintained a Buy rating on the stock with a price target.
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Bluescope Steel Limited’s market cap is currently $5.13B and has a P/E ratio of 2.92.
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BlueScope Steel Ltd. engages in the manufacture of steel products. It operates through the following segments: Australian Steel Products, North Star BlueScope Steel, Buildings North America, Building Products Asia and North America, and New Zealand and Pacific Steel. The Australian Steel Products segment produces and markets coated and painted flat steel products. The North Star BlueScope Steel segment is a single site electric arc furnace producer of hot rolled coil. The Buildings North America segment includes engineered building solutions and servicing the low-rise non-residential construction needs of customers. The Building Products Asia and North America segment offers metal coated and painted steel building products. The New Zealand and Pacific Steel segment consists of New Zealand Steel, Pacific Steel, and BlueScope Pacific Islands business areas. The company was founded in 2002 and is headquartered in Melbourne, Australia.
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