I subscribe to an investing website and 10 brokers predict the 12 month target price of BSL to be ~$2.738. With the current sp sitting fairly close to this value, one wouldn't expect much gain in the coming months and thus it may be wise to sell soon. Is this a correct interpretation?
Cheers
I subscribe to an investing website and 10 brokers predict the 12 month target price of BSL to be ~$2.738. With the current sp sitting fairly close to this value, one wouldn't expect much gain in the coming months and thus it may be wise to sell soon. Is this a correct interpretation?
Cheers
Not in the near future maybe. But who can definitively predict what is to come. I have plans on holding my BSL shares long term (my only long term ones) and $10 sounds pretty dam good to me.I think $10.00 is not likely at all, considering that the steel price is still severly depressed from where it was at its peak in 2008. Also, as commodity prices rise, input iron ore costs will also rise. So why I still think there's upside to BSL, $10 is no where near what I would consider its fair value.
I read that "BlueScope was raised to a “buy” from “neutral” and had its price target boosted 38 percent to A$3.45 ($2.75) by UBS analysts led by Mark Busuttil in a report yesterday". Quoting Bloomberg today.
What do they mean when they say price target? Are they saying that they are expecting it to rise, if so when? How are they getting these figures?
BSL (BLUESCOPE)been day trading for the past five years..but has anyone else noticed bsl as a under-valued stock and noticed of the last few months the volume traded recently (in excess of $60 million per/day) altho been placed in the top asx50..its volume of trading per/day would rival the top 20asx(xao).I recently done alot of research on p/e ratio and its asset value currently @ $3.43,the share currently in the last few days trading between 2.37-2.55 p/s i realise the value has come down from its highs of mid $9per/share..lol as the rest in the market besides the defensive caps..Can any one here see why this stock seems so undervalued?OR any insight about this stock? Meh personally think this BSL is a hot stock in the next 12months)..PLease note: you should always do ur own homework before purchasing stock and this stock is a personal opinion.. )
They also announce the restart of No5 blast furnace due to increased demand. They also completed refinancing and are covered for the next 2-3 years. They had already made shareholders aware of a possible loss back in Feb, so the announced loss may well have been mostly factored in.Congrats Makingmoney ... sold mine today at $2.75. Had them in the drawer. Read previous post. Not sure why they spiked when they announced a $140,000,0000 LOSS????????
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