Analysts Set ArcelorMittal SA (MT) PT at $32.96

ArcelorMittal SA (AMS:MT) has received a consensus recommendation of “Buy” from the fifteen brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is €32.89 ($38.25).

A number of analysts recently issued reports on the stock. Jefferies Financial Group set a €32.00 ($37.21) price target on shares of ArcelorMittal and gave the stock a “buy” rating in a research note on Monday. Deutsche Bank set a €31.00 ($36.05) price objective on shares of ArcelorMittal and gave the stock a “buy” rating in a report on Friday. UBS Group set a €23.00 ($26.74) price objective on shares of ArcelorMittal and gave the stock a “neutral” rating in a report on Friday. Goldman Sachs Group set a €22.50 ($26.16) price objective on shares of ArcelorMittal and gave the stock a “neutral” rating in a report on Thursday. Finally, JPMorgan Chase & Co. set a €26.50 ($30.81) price objective on shares of ArcelorMittal and gave the stock a “buy” rating in a report on Thursday.

ArcelorMittal has a 12 month low of €17.72 ($20.60) and a 12 month high of €30.76 ($35.77).



ArcelorMittal Company Profile

ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. It operates through NAFTA, Brazil, Europe, ACIS, and Mining segments. The company produces finished and semi-finished steel products with various specifications.

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Analyst Recommendations for ArcelorMittal (AMS:MT)

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