What is your opinion of BSL?
A: Following the big fall in price, there is probably some value in BlueScope Steel (BSL). At around $10.84, it is trading at a discount of 32.8% to its current broker consensus target price of $14.39. There is, however, quite a range on these targets: a low of $10.15 to a high of $17.00. According to FN Arena, there are 2 buy recommendations, 4 neutral recommendations and 1 sell recommendation.
BlueScope Steel is confronting higher input costs and slumping prices for its steel products in the US (North Star is about 50% of its revenue). Several brokers expect that the Company will post an earnings downgrade.