Cfra Analysts Give ArcelorMittal (MT) a €30.00 Price Target

ArcelorMittal (AMS:MT) has been given a €30.00 ($37.04) target price by equities researchers at Cfra in a research report issued to clients and investors on Tuesday. The brokerage presently has a “neutral” rating on the stock. Cfra’s price objective would suggest a potential upside of 6.76% from the company’s current price.

MT has been the subject of several other reports. Jefferies Group set a €32.00 ($39.51) target price on ArcelorMittal and gave the stock a “buy” rating in a research note on Monday, November 13th. Barclays set a €17.00 ($20.99) target price on ArcelorMittal and gave the stock a “sell” rating in a research note on Monday, November 13th. Deutsche Bank set a €31.00 ($38.27) target price on ArcelorMittal and gave the stock a “buy” rating in a research note on Wednesday, November 1st. S&P Global set a €27.00 ($33.33) target price on ArcelorMittal and gave the stock a “neutral” rating in a research note on Monday, November 13th. Finally, Credit Suisse Group set a €37.00 ($45.68) target price on ArcelorMittal and gave the stock a “buy” rating in a research note on Wednesday, October 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of €30.49 ($37.64).

Shares of ArcelorMittal (AMS MT) opened at €28.10 ($34.69) on Tuesday. ArcelorMittal has a 12 month low of €17.72 ($21.88) and a 12 month high of €30.76 ($37.98). The firm has a market capitalization of $28,940.00 and a price-to-earnings ratio of 7.78.

COPYRIGHT VIOLATION NOTICE: “Cfra Analysts Give ArcelorMittal (MT) a €30.00 Price Target” was originally published by Stock Observer and is the sole property of of Stock Observer. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this story can be accessed at https://www.thestockobserver.com/2018/02/06/cfra-analysts-give-arcelormittal-mt-a-30-00-price-target.html.

About ArcelorMittal

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.

Analyst Recommendations for ArcelorMittal (AMS:MT)

Receive News & Ratings for ArcelorMittal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ArcelorMittal and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply