ArcelorMittal (AMS:MT) Given a €19.50 Price Target by Goldman Sachs Group Analysts

Goldman Sachs Group set a €19.50 ($22.67) price target on ArcelorMittal (AMS:MT) in a report released on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also weighed in on MT. Kepler Capital Markets set a €30.00 ($34.88) target price on shares of ArcelorMittal and gave the stock a buy rating in a report on Friday, March 15th. JPMorgan Chase & Co. set a €23.00 ($26.74) target price on shares of ArcelorMittal and gave the stock a buy rating in a report on Thursday, April 25th. Jefferies Financial Group set a €30.00 ($34.88) target price on shares of ArcelorMittal and gave the stock a buy rating in a report on Tuesday, April 23rd. Deutsche Bank set a €25.00 ($29.07) target price on shares of ArcelorMittal and gave the stock a buy rating in a report on Friday, May 10th. Finally, Morgan Stanley set a €26.00 ($30.23) target price on shares of ArcelorMittal and gave the stock a buy rating in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of €30.73 ($35.73).

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 five segments: NAFTA, Brazil, Europe, ACIS, and Mining. 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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