ArcelorMittal (MT) PT Set at €20.50 by Goldman Sachs Group

ArcelorMittal (AMS:MT) has been given a €20.50 ($23.84) target price by equities researchers at Goldman Sachs Group in a research note issued on Friday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock.

MT has been the topic of a number of other research reports. Jefferies Financial Group set a €32.00 ($37.21) target price on shares of ArcelorMittal and gave the company a “buy” rating in a research note on Monday, February 11th. Oddo Bhf set a €26.00 ($30.23) price target on shares of ArcelorMittal and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Bank of America set a €35.00 ($40.70) price target on shares of ArcelorMittal and gave the stock a “buy” rating in a research note on Wednesday, January 9th. 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 note on Thursday, February 7th. Finally, UBS Group set a €23.00 ($26.74) price target on shares of ArcelorMittal and gave the stock a “neutral” rating in a research note on Wednesday, March 20th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of €31.46 ($36.58).

ArcelorMittal has a one year low of €17.72 ($20.60) and a one 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.

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Analyst Recommendations for ArcelorMittal (AMS:MT)

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