JPMorgan Chase & Co. set a €36.00 ($44.44) price target on ArcelorMittal (AMS:MT) in a research note issued to investors on Monday. The firm currently has a buy rating on the stock.
Several other research analysts have also issued reports on the stock. Societe Generale set a €32.20 ($39.75) target price on shares of ArcelorMittal and gave the stock a buy rating in a research report on Friday, November 17th. Deutsche Bank set a €33.00 ($40.74) target price on shares of ArcelorMittal and gave the stock a buy rating in a research report on Wednesday, December 6th. Barclays set a €20.00 ($24.69) target price on shares of ArcelorMittal and gave the stock a sell rating in a research report on Tuesday, January 23rd. Goldman Sachs Group set a €29.50 ($36.42) target price on shares of ArcelorMittal and gave the stock a buy rating in a research report on Tuesday, January 9th. Finally, Citigroup set a €36.00 ($44.44) target price on shares of ArcelorMittal and gave the stock a buy rating in a research report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company’s stock. ArcelorMittal currently has an average rating of Buy and an average price target of €30.49 ($37.64).
ArcelorMittal (MT) opened at €27.86 ($34.40) on Monday. ArcelorMittal has a 1 year low of €17.72 ($21.88) and a 1 year high of €30.76 ($37.98). The stock has a market cap of $28,330.00 and a price-to-earnings ratio of 7.70.
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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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