Cfra set a €27.00 ($31.40) price objective on ArcelorMittal (AMS:MT) in a research note published on Friday morning. The brokerage currently has a buy rating on the stock.
MT has been the topic of a number of other research reports. Deutsche Bank set a €39.00 ($45.35) price objective on ArcelorMittal and gave the stock a buy rating in a research note on Monday, July 16th. Societe Generale set a €44.40 ($51.63) target price on ArcelorMittal and gave the stock a buy rating in a report on Tuesday, July 31st. Morgan Stanley set a €34.00 ($39.53) target price on ArcelorMittal and gave the stock a buy rating in a report on Wednesday, October 24th. Citigroup set a €40.00 ($46.51) target price on ArcelorMittal and gave the stock a buy rating in a report on Tuesday, July 10th. Finally, Jefferies Financial Group set a €37.00 ($43.02) target price on ArcelorMittal and gave the stock a buy rating in a report on Monday, July 16th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of €34.93 ($40.62).
AMS:MT opened at €26.65 ($30.99) on Friday. ArcelorMittal has a 1 year low of €17.72 ($20.60) and a 1 year 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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