ArcelorMittal (MT) PT Set at €23.00 by JPMorgan Chase & Co.

ArcelorMittal (MT) PT Set at €23.00 by JPMorgan Chase & Co.

JPMorgan Chase & Co. set a €23.00 ($26.74) target price on ArcelorMittal (AMS:MT) in a research note issued to investors on Tuesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the stock. Deutsche Bank set a €31.00 ($36.05) target price on shares of ArcelorMittal and gave the stock a buy rating in a research report on Tuesday, April 16th. Morgan Stanley set a €26.00 ($30.23) price target on shares of ArcelorMittal and gave the stock a buy rating in a research note on Tuesday, April 23rd. Jefferies Financial Group set a €30.00 ($34.88) price target on shares of ArcelorMittal and gave the stock a buy rating in a research note on Tuesday, April 23rd. Goldman Sachs Group set a €20.50 ($23.84) price target on shares of ArcelorMittal and gave the stock a neutral rating in a research note on Friday, May 3rd. Finally, Kepler Capital Markets set a €30.00 ($34.88) price target on shares of ArcelorMittal and gave the stock a buy rating in a research note on Friday, March 15th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. ArcelorMittal presently has an average rating of Buy and an average target price of €31.06 ($36.12).

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.

Featured Story: What is the price-sales ratio?

Analyst Recommendations for ArcelorMittal (AMS:MT)

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JPMorgan Chase & Co. set a €23.00 ($26.74) target price on ArcelorMittal (AMS:MT) in a research note issued to investors on Tuesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the stock. Deutsche Bank set a €31.00 ($36.05) target price on shares of ArcelorMittal and gave the stock a buy rating in a research report on Tuesday, April 16th. Morgan Stanley set a €26.00 ($30.23) price target on shares of ArcelorMittal and gave the stock a buy rating in a research note on Tuesday, April 23rd. Jefferies Financial Group set a €30.00 ($34.88) price target on shares of ArcelorMittal and gave the stock a buy rating in a research note on Tuesday, April 23rd. Goldman Sachs Group set a €20.50 ($23.84) price target on shares of ArcelorMittal and gave the stock a neutral rating in a research note on Friday, May 3rd. Finally, Kepler Capital Markets set a €30.00 ($34.88) price target on shares of ArcelorMittal and gave the stock a buy rating in a research note on Friday, March 15th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. ArcelorMittal presently has an average rating of Buy and an average target price of €31.06 ($36.12).

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.

Featured Story: What is the price-sales ratio?

Analyst Recommendations for ArcelorMittal (AMS:MT)

Receive News & Ratings for ArcelorMittal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ArcelorMittal and related companies with MarketBeat.com's FREE daily email newsletter.