Societe Generale set a €32.20 ($38.33) price objective on ArcelorMittal (AMS:MT) in a research report sent to investors on Friday, November 17th. The brokerage currently has a buy rating on the stock.
A number of other equities analysts have also recently issued reports on MT. UBS set a €30.00 ($35.71) target price on ArcelorMittal and gave the stock a buy rating in a report on Friday, November 10th. S&P Global set a €27.00 ($32.14) price objective on ArcelorMittal and gave the company a neutral rating in a research report on Monday, November 13th. Barclays set a €17.00 ($20.24) price target on ArcelorMittal and gave the company a sell rating in a report on Monday, November 13th. Deutsche Bank set a €33.00 ($39.29) target price on ArcelorMittal and gave the company a buy rating in a report on Monday, November 13th. Finally, Citigroup set a €30.00 ($35.71) price target on ArcelorMittal and gave the company a buy rating in a report on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company. ArcelorMittal has an average rating of Buy and a consensus target price of €28.69 ($34.15).
Shares of ArcelorMittal (AMS:MT) traded down €0.48 ($0.57) during mid-day trading on Friday, hitting €25.72 ($30.62). 6,500,000 shares of the stock traded hands, compared to its average volume of 5,980,000. ArcelorMittal has a one year low of €17.72 ($21.10) and a one year high of €26.11 ($31.08).
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ArcelorMittal 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.
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