ArcelorMittal (AMS:MT) PT Set at €20.00 by Jefferies Financial Group

ArcelorMittal (AMS:MT) has been assigned a €20.00 ($23.26) price target by analysts at Jefferies Financial Group in a research report issued to clients and investors on Tuesday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock.

MT has been the subject of several other research reports. Goldman Sachs Group set a €19.50 ($22.67) price target on ArcelorMittal and gave the company a “buy” rating in a research note on Thursday, August 1st. Morgan Stanley set a €23.00 ($26.74) price target on ArcelorMittal and gave the company a “buy” rating in a research note on Wednesday, August 7th. Macquarie set a €20.00 ($23.26) price target on ArcelorMittal and gave the company a “buy” rating in a research note on Tuesday, July 9th. Deutsche Bank set a €19.00 ($22.09) price target on ArcelorMittal and gave the company a “buy” rating in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. set a €22.50 ($26.16) price target on ArcelorMittal and gave the company a “buy” rating in a research note on Thursday, September 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of €21.01 ($24.43).

ArcelorMittal has a fifty-two week low of €17.72 ($20.60) and a fifty-two week high of €30.76 ($35.77).



About ArcelorMittal

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 five segments: NAFTA, Brazil, Europe, ACIS, and Mining. 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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