UBS Group Reiterates “€23.00” Price Target for ArcelorMittal (MT)

UBS Group set a €23.00 ($26.74) price target on ArcelorMittal (AMS:MT) in a report published on Wednesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. set a €26.50 ($30.81) price objective on ArcelorMittal and gave the stock a buy rating in a report on Tuesday, January 22nd. Oddo Bhf set a €26.00 ($30.23) price objective on ArcelorMittal and gave the stock a buy rating in a report on Wednesday, January 23rd. Goldman Sachs Group set a €22.50 ($26.16) price objective on ArcelorMittal and gave the stock a neutral rating in a report on Thursday, January 31st. Jefferies Financial Group set a €32.00 ($37.21) price objective on ArcelorMittal and gave the stock a buy rating in a report on Monday, February 4th. Finally, Deutsche Bank set a €31.00 ($36.05) price objective on ArcelorMittal and gave the stock a buy rating in a report on Friday, February 8th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target 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).

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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Analyst Recommendations for ArcelorMittal (AMS:MT)

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