Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Bluescope Steel Limited (BLSFF – Research Report) and Olin (OLN – Research Report).
Bluescope Steel Limited (BLSFF)
Bluescope Steel Limited received a Hold rating and a A$23.00 price target from J.P. Morgan analyst Lyndon Fagan on August 6. The company’s shares closed last Friday at $15.00, close to its 52-week high of $15.40.
According to TipRanks.com, Fagan is a 4-star analyst with an average return of
Bluescope Steel Limited has an analyst consensus of Moderate Buy, with a price target consensus of $15.14.
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Olin (OLN)
J.P. Morgan analyst Jeffrey Zekauskas upgraded Olin to Buy on August 6 and set a price target of $55.00. The company’s shares closed last Friday at $40.65, close to its 52-week low of $40.37.
According to TipRanks.com, Zekauskas is a 5-star analyst with an average return of
Currently, the analyst consensus on Olin is a Moderate Buy with an average price target of $53.17, implying a 29.3% upside from current levels. In a report issued on July 26, RBC Capital also maintained a Buy rating on the stock with a $52.00 price target.
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