ArcelorMittal (AMS:MT) has been given a €23.00 ($26.74) target price by research analysts at UBS Group in a research report issued to clients and investors on Wednesday, www.boersen-zeitung.de reports. The firm presently has a “neutral” rating on the stock.
A number of other research analysts have also recently weighed in on MT. Jefferies Financial Group set a €39.00 ($45.35) target price on ArcelorMittal and gave the company a “buy” rating in a report on Wednesday, November 28th. Goldman Sachs Group set a €35.50 ($41.28) target price on ArcelorMittal and gave the company a “buy” rating in a report on Wednesday, November 28th. Bank of America set a €35.00 ($40.70) price objective on ArcelorMittal and gave the stock a “buy” rating in a research note on Wednesday, January 9th. Deutsche Bank set a €31.00 ($36.05) price objective on ArcelorMittal and gave the stock a “buy” rating in a research note on Thursday, January 10th. Finally, JPMorgan Chase & Co. set a €26.50 ($30.81) price objective on ArcelorMittal and gave the stock a “buy” rating in a research note on Tuesday, January 22nd. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of €32.53 ($37.82).
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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