Brokerages Set ArcelorMittal SA (AMS:MT) Price Target at €20.33

Shares of ArcelorMittal SA (AMS:MT) have been given an average recommendation of “Buy” by the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is €20.33 ($23.64).

A number of equities research analysts recently commented on the stock. Oddo Bhf set a €12.00 ($13.95) price objective on shares of ArcelorMittal and gave the stock a “sell” rating in a report on Monday, September 23rd. Morgan Stanley set a €21.00 ($24.42) price objective on shares of ArcelorMittal and gave the stock a “buy” rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. set a €18.00 ($20.93) price objective on shares of ArcelorMittal and gave the stock a “buy” rating in a report on Thursday, October 3rd. UBS Group set a €13.00 ($15.12) price objective on shares of ArcelorMittal and gave the stock a “neutral” rating in a report on Monday, September 30th. Finally, Jefferies Financial Group set a €20.00 ($23.26) price objective on shares of ArcelorMittal and gave the stock a “buy” rating in a report on Tuesday, September 24th.

ArcelorMittal has a twelve month low of €17.72 ($20.60) and a twelve month 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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