BlueScope Steel’s “Buy” Rating Reiterated at Citigroup Inc. (BSL)
BlueScope Steel (ASX:BSL)‘s stock had its “buy” rating restated by analysts at Citigroup Inc. in a research report issued to clients and investors on Tuesday. They currently have a $6.50 price objective on the stock.
Shares of BlueScope Steel (ASX:BSL) traded up 1.50% during mid-day trading on Tuesday, hitting A$5.400. The stock had a trading volume of 9,137,847 shares. BlueScope Steel has a 52 week low of A$4.460 and a 52 week high of A$6.640. The stock’s 50-day moving average is A$5.9 and its 200-day moving average is A$6.00. The company’s market cap is A$3.011 billion.
BSL has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of BlueScope Steel in a research note on Wednesday, July 16th. They now have a $7.88 price target on the stock.
BlueScope Steel Limited manufactures and distributes flat steel products, metallic coated and painted steel products, steel building products, and designs and manufactures of pre-engineered steel buildings.
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