ArcelorMittal (AMS:MT) Given a €18.00 Price Target at JPMorgan Chase & Co.

JPMorgan Chase & Co. set a €18.00 ($20.93) price objective on ArcelorMittal (AMS:MT) in a research note published on Thursday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the company. Macquarie set a €16.10 ($18.72) target price on ArcelorMittal and gave the stock a buy rating in a research report on Tuesday, September 24th. Oddo Bhf set a €12.00 ($13.95) target price on ArcelorMittal and gave the stock a sell rating in a research report on Monday, September 23rd. Goldman Sachs Group set a €19.50 ($22.67) target price on ArcelorMittal and gave the stock a buy rating in a research report on Thursday, August 1st. Kepler Capital Markets set a €23.00 ($26.74) target price on ArcelorMittal and gave the stock a buy rating in a research report on Wednesday, June 5th. Finally, Deutsche Bank set a €19.00 ($22.09) target price on ArcelorMittal and gave the stock a buy rating in a research report on Thursday, September 5th. One investment 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. The stock presently has an average rating of Buy and an average price target of €20.33 ($23.64).

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 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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