Deutsche Bank set a €25.00 ($29.07) target price on ArcelorMittal (AMS:MT) in a report published on Friday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
MT has been the topic of several other research reports. JPMorgan Chase & Co. set a €23.00 ($26.74) target price on ArcelorMittal and gave the company a buy rating in a research note on Thursday, April 25th. Morgan Stanley set a €26.00 ($30.23) price objective on ArcelorMittal and gave the stock a buy rating in a research note on Tuesday, April 23rd. Jefferies Financial Group set a €30.00 ($34.88) target price on ArcelorMittal and gave the company a buy rating in a research report on Tuesday, April 23rd. Goldman Sachs Group set a €20.50 ($23.84) price objective on ArcelorMittal and gave the company a neutral rating in a report on Thursday, May 9th. Finally, Kepler Capital Markets set a €30.00 ($34.88) price objective on ArcelorMittal and gave the company a buy rating in a report on Friday, March 15th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of €31.06 ($36.12).
ArcelorMittal has a 12-month low of €17.72 ($20.60) and a 12-month high of €30.76 ($35.77).
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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