Jefferies Financial Group set a €39.00 ($45.35) target price on ArcelorMittal (AMS:MT) in a report published on Thursday. The brokerage currently has a buy rating on the stock.
Several other research analysts have also weighed in on the company. Goldman Sachs Group set a €35.50 ($41.28) price target on ArcelorMittal and gave the company a buy rating in a research report on Thursday. JPMorgan Chase & Co. set a €37.00 ($43.02) price target on ArcelorMittal and gave the company a buy rating in a research report on Thursday. Deutsche Bank set a €40.00 ($46.51) target price on ArcelorMittal and gave the stock a buy rating in a research report on Monday. Morgan Stanley set a €34.00 ($39.53) target price on ArcelorMittal and gave the stock a buy rating in a research report on Wednesday, October 24th. Finally, UBS Group set a €25.00 ($29.07) target price on ArcelorMittal and gave the stock a sell rating in a research report on Tuesday, October 16th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the company. ArcelorMittal has an average rating of Buy and a consensus price target of €34.93 ($40.62).
AMS:MT traded up €0.20 ($0.23) during trading hours on Thursday, hitting €26.65 ($30.99). 5,510,000 shares of the company’s stock traded hands, compared to its average volume of 6,070,000. ArcelorMittal has a twelve month low of €17.72 ($20.60) and a twelve month high of €30.76 ($35.77).
ArcelorMittal Company Profile
ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. It operates through NAFTA, Brazil, Europe, ACIS, and Mining segments. The company produces finished and semi-finished steel products with various specifications.
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