ArcelorMittal (MT) Given a €30.00 Price Target at Kepler Capital Markets

Kepler Capital Markets set a €30.00 ($34.88) target price on ArcelorMittal (AMS:MT) in a research report sent to investors on Friday morning. The brokerage currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on MT. JPMorgan Chase & Co. set a €26.50 ($30.81) price target on shares of ArcelorMittal and gave the stock a buy rating in a research report on Thursday, February 7th. Goldman Sachs Group set a €22.50 ($26.16) price target on shares of ArcelorMittal and gave the stock a neutral rating in a research report on Thursday, February 7th. Jefferies Financial Group set a €32.00 ($37.21) price target on shares of ArcelorMittal and gave the stock a buy rating in a research report on Monday, February 4th. UBS Group set a €23.00 ($26.74) price target on shares of ArcelorMittal and gave the stock a neutral rating in a research report on Friday, February 8th. Finally, Deutsche Bank set a €31.00 ($36.05) price target on shares of ArcelorMittal and gave the stock a buy rating in a research report on Friday, February 8th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of €32.53 ($37.82).

ArcelorMittal has a 1-year low of €17.72 ($20.60) and a 1-year high of €30.76 ($35.77).

About ArcelorMittal

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.

Further Reading: Rule of 72

Analyst Recommendations for ArcelorMittal (AMS:MT)

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