Ord Minnett lifts target for BlueScope stock from AUD 29.00 to AUD 35.50

Published on 10/20/2026 at 21:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ord Minnett lifts its target to AUD 35.50 from AUD 29.00 on October 16, 2026. BlueScope stock costs EUR 20.50 on October 20, 2026.

Analyst target and reporting date

Ord Minnett raised its BlueScope target from AUD 29.00 to AUD 35.50 on October 16, 2026.
BlueScope will hold its annual meeting on November 16, 2026.
BlueScope stock costs EUR 20.50 at Lang & Schwarz on October 20, 2026 at 9:03 p.m. CEST.

BlueScope, AU000000BSL0, Illustration mit AI erstellt.

BlueScope stock is the subject of a higher target from Ord Minnett, which lifted its view from AUD 29.00 to AUD 35.50 on October 16, 2026. The broker also upgraded its rating from Lighten to Buy, according to FNArena. At Lang & Schwarz, the stock was trading at EUR 20.50 on October 20, 2026 at 9:03 p.m. CEST.

Target reflects higher earnings estimates

Ord Minnett raised its first-half fiscal 2027 underlying earnings before interest and tax estimate to AUD 976 million. The broker also increased its fiscal 2027 estimate by 18.10 percent and its fiscal 2028 estimate by 20.50 percent, citing stronger US hot-rolled coil spreads, according to FNArena. Against the ASX price of AUD 32.83 on October 20, 2026, the AUD 35.50 target is 8.13 percent above the price.

Stock position carries the market frame

BlueScope traded at AUD 32.83 on the ASX on October 20, 2026, up 1.02 percent from AUD 32.50. Its 52-week range was AUD 20.46 to AUD 35.26, placing the price 6.90 percent below the high. Market capitalization stood at AUD 14.4 billion, with a price-to-earnings ratio of 18.04.

Annual meeting sets the next date

BlueScope will hold its hybrid annual meeting on November 16, 2026, at 10:00 a.m. AEDT. The company set the date in its notice published October 1, 2026, which also identifies the June 30, 2026 fiscal-year results as the latest annual reporting milestone. BlueScope reported fiscal 2026 underlying earnings before interest and tax of AUD 1.273 billion, according to MarketScreener.

Comparison with peers

BlueScope: up 1.02 percent, P/E 18.04, market capitalization AUD 14.4 billion.

Nucor (NYSE, USD): up 0.38 percent, P/E 20.87, market capitalization USD 59.4 billion.

Steel Dynamics (Nasdaq, USD): down 0.81 percent, P/E 17.94, market capitalization USD 34.9 billion.

What matters for the next session

The higher target places BlueScope's current ASX price below Ord Minnett's revised valuation, while the November meeting supplies the next dated corporate event. The euro quotation remained the market's German trading reference after hours on October 20, 2026.

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