ArcelorMittal (AMS:MT) has been given a €29.50 ($35.12) price target by research analysts at Goldman Sachs Group in a report released on Tuesday. The firm presently has a “buy” rating on the stock. Goldman Sachs Group’s price target points to a potential downside of 1.11% from the stock’s previous close.
Several other brokerages have also recently issued reports on MT. Deutsche Bank set a €33.00 ($39.29) price target on shares of ArcelorMittal and gave the company a “buy” rating in a research report on Wednesday, December 6th. Kepler Capital Markets set a €36.00 ($42.86) price target on shares of ArcelorMittal and gave the company a “buy” rating in a research report on Friday, December 1st. UBS Group set a €30.00 ($35.71) price objective on shares of 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 shares of ArcelorMittal and gave the stock a “neutral” rating in a report on Monday, November 13th. Finally, Barclays set a €17.00 ($20.24) price objective on shares of ArcelorMittal and gave the stock a “sell” rating in a report on Monday, November 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of €29.09 ($34.63).
ArcelorMittal (MT) opened at €29.83 ($35.51) on Tuesday. ArcelorMittal has a 52-week low of €17.72 ($21.10) and a 52-week high of €30.03 ($35.75). The stock has a market cap of $30,560.00 and a PE ratio of 9.26.
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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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