ArcelorMittal (MT) Given a €38.00 Price Target at Goldman Sachs

ArcelorMittal (AMS:MT) has been given a €38.00 ($46.91) target price by Goldman Sachs in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the stock. Goldman Sachs’ price target would indicate a potential upside of 42.59% from the stock’s previous close.

MT has been the subject of several other reports. Deutsche Bank set a €36.00 ($44.44) price objective on ArcelorMittal and gave the company a “buy” rating in a research note on Friday, March 2nd. Barclays set a €20.00 ($24.69) price objective on ArcelorMittal and gave the company a “sell” rating in a research note on Tuesday, January 23rd. Citigroup set a €36.00 ($44.44) price objective on ArcelorMittal and gave the company a “buy” rating in a research note on Tuesday, January 9th. Bank of America set a €38.00 ($46.91) price objective on ArcelorMittal and gave the company a “buy” rating in a research note on Tuesday, February 20th. Finally, Commerzbank set a €33.00 ($40.74) price objective on ArcelorMittal and gave the company a “buy” rating in a research note on Wednesday, January 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and sixteen have issued a buy rating to the stock. ArcelorMittal has an average rating of “Buy” and a consensus price target of €31.17 ($38.48).

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ArcelorMittal stock opened at €26.65 ($32.90) on Wednesday. ArcelorMittal has a fifty-two week low of €17.72 ($21.88) and a fifty-two week high of €30.76 ($37.98).

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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.

Analyst Recommendations for ArcelorMittal (AMS:MT)

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