Goldman Sachs Group Reiterates “€35.50” Price Target for ArcelorMittal (MT)

Goldman Sachs Group set a €35.50 ($41.28) target price on ArcelorMittal (AMS:MT) in a research report report published on Friday morning. The brokerage currently has a buy rating on the stock.

MT has been the topic of several other research reports. Kepler Capital Markets set a €36.00 ($41.86) price objective on ArcelorMittal and gave the company a buy rating in a report on Friday, July 6th. UBS Group set a €25.00 ($29.07) price objective on ArcelorMittal and gave the company a sell rating in a report on Wednesday, August 1st. JPMorgan Chase & Co. set a €37.00 ($43.02) price objective on ArcelorMittal and gave the company a buy rating in a report on Friday, October 12th. Macquarie set a €30.00 ($34.88) price objective on ArcelorMittal and gave the company a buy rating in a report on Friday, July 6th. Finally, Morgan Stanley set a €35.20 ($40.93) price objective on ArcelorMittal and gave the company a buy rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of €35.51 ($41.29).

Shares of MT stock traded up €0.20 ($0.23) during trading hours on Friday, reaching €26.65 ($30.99). The company’s stock had a trading volume of 5,510,000 shares, compared to its average volume of 6,070,000. ArcelorMittal has a fifty-two week low of €17.72 ($20.60) and a fifty-two week 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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