ArcelorMittal (MT) Given a €36.00 Price Target at JPMorgan Chase

ArcelorMittal (AMS:MT) has been given a €36.00 ($42.86) target price by investment analysts at JPMorgan Chase in a report issued on Friday. The firm currently has a “buy” rating on the stock. JPMorgan Chase’s target price points to a potential upside of 35.08% from the stock’s previous close.

Several other analysts have also issued reports on the company. Deutsche Bank set a €36.00 ($42.86) target price on ArcelorMittal and gave the stock a “buy” rating in a report on Friday, March 2nd. Barclays set a €20.00 ($23.81) target price on ArcelorMittal and gave the stock a “sell” rating in a report on Tuesday, January 23rd. Goldman Sachs set a €37.00 ($44.05) target price on ArcelorMittal and gave the stock a “buy” rating in a report on Wednesday, January 24th. Bank of America set a €38.00 ($45.24) target price on ArcelorMittal and gave the stock a “buy” rating in a report on Tuesday, February 20th. Finally, Commerzbank set a €33.00 ($39.29) target price on ArcelorMittal and gave the stock a “buy” rating in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating and seventeen have given a buy rating to the company. ArcelorMittal currently has an average rating of “Buy” and a consensus price target of €32.94 ($39.21).

MT opened at €26.65 ($31.73) on Friday. ArcelorMittal has a 52-week low of €17.72 ($21.10) and a 52-week high of €30.76 ($36.62).

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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