Deutsche Bank set a €36.00 ($42.86) target price on ArcelorMittal (AMS:MT) in a report published on Friday. The brokerage currently has a buy rating on the stock.
Other analysts also recently issued research reports about the company. Citigroup set a €36.00 ($42.86) price target on ArcelorMittal and gave the stock a buy rating in a research note on Tuesday. Goldman Sachs Group set a €29.50 ($35.12) price target on ArcelorMittal and gave the stock a buy rating in a research note on Tuesday. Kepler Capital Markets set a €36.00 ($42.86) price target on ArcelorMittal and gave the stock a buy rating in a research note on Friday, December 1st. UBS Group set a €30.00 ($35.71) price target on ArcelorMittal and gave the stock a buy rating in a research note on Friday, November 10th. Finally, S&P Global set a €27.00 ($32.14) price target on ArcelorMittal and gave the stock a neutral rating in a research note on Monday, November 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of €29.29 ($34.87).
ArcelorMittal (MT) traded up €0.47 ($0.56) during trading hours on Friday, reaching €30.63 ($36.46). The company had a trading volume of 6,850,000 shares, compared to its average volume of 5,460,000. The firm has a market capitalization of $31,080.00 and a price-to-earnings ratio of 9.57. ArcelorMittal has a 52-week low of €17.72 ($21.10) and a 52-week high of €30.76 ($36.62).
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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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