BlueScope stock: Ord Minnett raises target from AUD 29.00 to AUD 35.50 for BlueScope stock

Published on 10/22/2026 at 21:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ord Minnett raises its target to AUD 35.50 on October 16, 2026. BlueScope stock costs EUR 20.20 on October 22, 2026.

Target and reporting date

Ord Minnett raised its BlueScope target from AUD 29.00 to AUD 35.50 on October 16, 2026.
First-half fiscal 2027 underlying EBIT guidance stands at AUD 860.00 million to AUD 960.00 million.
BlueScope stock costs EUR 20.20 at Lang & Schwarz on October 22, 2026 at 9:34 p.m. CEST.
The annual general meeting is scheduled for November 16, 2026.

BlueScope, AU000000BSL0, Illustration mit AI erstellt.

BlueScope (ISIN AU000000BSL0) is covered by a higher Ord Minnett target of AUD 35.50, up from AUD 29.00 in the broker's October 16, 2026 update. As FNArena reported, the broker also upgraded its rating from Lighten to Buy. BlueScope stock was trading at EUR 20.20 at Lang & Schwarz on October 22, 2026 at 9:34 p.m. CEST.

Guidance sets the earnings reference

The target revision was linked to a stronger earnings outlook for the North American steel business and expectations that the valuation gap to US-listed peers could narrow. FNArena reported that Ord Minnett lifted its first-half fiscal 2027 underlying EBIT estimate to AUD 976.00 million and raised its fiscal 2027 EBIT estimate by 18.10 percent.

BlueScope's own recent results provide the operating backdrop. For fiscal year 2026, underlying EBIT reached AUD 1.27 billion, while underlying net profit was AUD 851.20 million. The company's first-half fiscal 2027 underlying EBIT guidance stands at AUD 860.00 million to AUD 960.00 million, according to Veye.

BlueScope stays near its yearly range

BlueScope last traded at AUD 32.27 on the ASX on October 22, 2026 at 3:10 p.m. AEDT. Its 52-week range was AUD 20.46 to AUD 35.26, while its market capitalization was AUD 14.1 billion and its price-to-earnings ratio was 17.73.

The Australian quotation sits AUD 2.99 below the reported 52-week high and AUD 11.81 above the low. The 52-week range and market capitalization are dated October 22, 2026, keeping the broker's AUD 35.50 target above the latest ASX quotation.

AGM date gives the next milestone

BlueScope's 2026 annual general meeting is scheduled for November 16, 2026, in a hybrid format, according to the company's official notice. The meeting follows the company's October operating developments and provides the next scheduled date for shareholders.

On October 21, 2026, BlueScope announced that Kristie Keast would leave as Chief Executive North America at the end of October, with Sue Stark serving as interim leader during a global search, according to BlueScope.

Target, earnings and the next date

For investors, the key comparison is between the AUD 35.50 target and the AUD 32.27 ASX quotation, while the fiscal 2027 EBIT guidance range provides the next operating benchmark. The November 16, 2026 AGM is the next scheduled corporate date.

The further course of trading is shown by the continuously updated real-time quote of BlueScope stock.