ArcelorMittal SA (AMS:MT) has been given a €37.00 ($43.53) price objective by Credit Suisse Group in a research report issued to clients and investors on Wednesday. The firm presently has a “buy” rating on the stock.
Other equities analysts also recently issued research reports about the stock. Royal Bank Of Canada set a €32.00 ($37.65) price objective on shares of ArcelorMittal SA and gave the company a “buy” rating in a report on Tuesday, August 15th. Citigroup Inc. set a €30.00 ($35.29) price objective on shares of ArcelorMittal SA and gave the company a “buy” rating in a report on Thursday, September 28th. Barclays PLC set a €17.00 ($20.00) price objective on shares of ArcelorMittal SA and gave the company a “sell” rating in a report on Tuesday, August 8th. Finally, Morgan Stanley set a €26.50 ($31.18) price objective on shares of ArcelorMittal SA and gave the company a “buy” rating in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. ArcelorMittal SA presently has an average rating of “Buy” and a consensus target price of €20.45 ($24.06).
Shares of ArcelorMittal SA (AMS:MT) opened at 22.94 on Wednesday. The stock has a market cap of €23.40 billion and a P/E ratio of 7.22. ArcelorMittal SA has a one year low of €16.46 and a one year high of €26.52. The stock’s 50 day moving average is €22.32 and its 200-day moving average is €21.38.
ArcelorMittal SA Company Profile
ArcelorMittal SA (ArcelorMittal) is a holding company. The Company, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia and Africa. ArcelorMittal operates through five segments, which include NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining.
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