ArcelorMittal SA (MT) Given a €30.00 Price Target at UBS AG

ArcelorMittal SA (AMS:MT) has been assigned a €30.00 ($35.29) price objective by analysts at UBS AG in a research note issued to investors on Friday, October 20th, www.boersen-zeitung.de reports. The brokerage presently has a “buy” rating on the stock.

MT has been the subject of several other research reports. Citigroup Inc. set a €30.00 ($35.29) price objective on shares of ArcelorMittal SA and gave the company a “buy” rating in a research note on Thursday, September 28th. Morgan Stanley set a €26.50 ($31.18) price objective on shares of ArcelorMittal SA and gave the company a “buy” rating in a research note on Tuesday, September 26th. Royal Bank Of Canada set a €32.00 ($37.65) price objective on shares of ArcelorMittal SA and gave the company a “buy” rating in a research note on Tuesday, August 15th. Barclays PLC set a €17.00 ($20.00) price objective on shares of ArcelorMittal SA and gave the company a “sell” rating in a research note on Tuesday, August 8th. Finally, Credit Suisse Group set a €37.00 ($43.53) price objective on shares of ArcelorMittal SA and gave the company a “buy” rating in a research note on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. ArcelorMittal SA currently has an average rating of “Buy” and a consensus price target of €22.65 ($26.64).

Shares of ArcelorMittal SA (MT) opened at 25.01 on Friday. The stock has a market capitalization of €25.51 billion and a price-to-earnings ratio of 7.87. The company’s 50 day moving average price is €23.14 and its 200 day moving average price is €21.52. ArcelorMittal SA has a one year low of €16.46 and a one year high of €26.52.

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ArcelorMittal SA Company Profile

ArcelorMittal SA (ArcelorMittal) is a holding company. The Company, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia and Africa. ArcelorMittal operates through five segments, which include NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining.

Analyst Recommendations for ArcelorMittal SA (AMS:MT)

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