Ord Minnett sets AUD 35.50 target for BlueScope stock

Published on 10/17/2026 at 21:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BlueScope's P/E was 17.69 on October 17, 2026. BlueScope stock cost AUD 32.19 on October 16, 2026, up 4.38 percent versus its prior close.

Analyst target and valuation

Ord Minnett set an AUD 35.50 target for BlueScope on October 15, 2026.
BlueScope's market capitalization was AUD 14.1 billion on October 17, 2026.
BlueScope stock stood at AUD 32.19 on the ASX on October 16, 2026 at 4:10 p.m. AEDT, up 4.38 percent versus the prior close.
BlueScope's P/E ratio was 17.69 on October 17, 2026.

BlueScope, AU000000BSL0, Illustration mit AI erstellt.

BlueScope Steel (ISIN AU000000BSL0) received a fresh AUD 35.50 price target from Ord Minnett on October 15, 2026, after the firm upgraded its rating to Buy, as Markets Insider reported. The target stood 10.28 percent above BlueScope's last ASX price of AUD 32.19. BlueScope's last ASX quote was AUD 32.19 on October 16, 2026 at 4:10 p.m. AEDT, up 4.38 percent from the prior close.

Valuation stays measurable

BlueScope's market capitalization was AUD 14.1 billion on October 17, 2026, while its P/E ratio stood at 17.69. The figures place the stock's valuation alongside its latest market performance rather than treating the analyst target as a standalone signal.

Price position after the rise

The ASX price sat inside a 52-week range of AUD 20.46 to AUD 35.26 on October 16, 2026. At AUD 32.19, it was 8.71 percent below the high and 57.33 percent above the low. Trading volume reached 2,229,444 shares, compared with an average volume of 1,455,565 shares for the quoted period.

Valuation and the next date

The AUD 35.50 target was 10.28 percent above the ASX price on October 16, 2026. BlueScope's next scheduled corporate date is its annual general meeting on November 16, 2026, according to the company's official notice.

Comparison with peers

BlueScope (ASX, AUD): plus 4.38 percent, P/E 17.69, market capitalization AUD 14.1 billion

Nucor (NYSE, USD): plus 0.63 percent, P/E 20.44, market capitalization USD 58.1 billion

Steel Dynamics (Nasdaq, USD): minus 0.09 percent, P/E 21.81, market capitalization USD 34.5 billion

The last ASX quote

BlueScope's October 16, 2026 advance left the stock below its 52-week high while the latest analyst target remained above the quoted level. The next dated corporate checkpoint is the November 16, 2026 annual general meeting.