ArcelorMittal (AMS:MT) Given a €29.50 Price Target at Goldman Sachs Group

ArcelorMittal (AMS:MT) received a €29.50 ($36.42) price target from research analysts at Goldman Sachs Group in a research note issued to investors on Tuesday, January 9th. The firm presently has a “buy” rating on the stock. Goldman Sachs Group’s price objective would suggest a potential upside of 6.12% from the stock’s current price.

Several other equities research analysts have also issued reports on MT. Barclays set a €17.00 ($20.99) price target on shares of ArcelorMittal and gave the company a “sell” rating in a report on Monday, November 13th. Credit Suisse Group set a €37.00 ($45.68) price target on shares of ArcelorMittal and gave the company a “buy” rating in a research note on Wednesday, October 11th. Societe Generale set a €32.20 ($39.75) price target on shares of ArcelorMittal and gave the company a “buy” rating in a research note on Friday, November 17th. Morgan Stanley set a €26.50 ($32.72) price target on shares of ArcelorMittal and gave the company a “buy” rating in a research note on Tuesday, September 26th. Finally, Deutsche Bank set a €33.00 ($40.74) price target on shares of ArcelorMittal and gave the company a “buy” rating in a research note on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of €30.52 ($37.68).

Shares of ArcelorMittal (MT) traded down €1.12 ($1.38) during mid-day trading on Tuesday, reaching €27.80 ($34.32). The company had a trading volume of 8,270,000 shares, compared to its average volume of 5,170,000. The stock has a market capitalization of $28,210.00 and a price-to-earnings ratio of 7.79. ArcelorMittal has a 12 month low of €17.72 ($21.88) and a 12 month high of €30.76 ($37.98).

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About ArcelorMittal

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 (AMS:MT)

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