UBS Group Reiterates €18.00 Price Target for ArcelorMittal (AMS:MT)

ArcelorMittal (AMS:MT) received a €18.00 ($20.93) target price from equities research analysts at UBS Group in a note issued to investors on Wednesday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock.

Other equities analysts have also issued reports about the stock. Morgan Stanley set a €21.30 ($24.77) price objective on shares of ArcelorMittal and gave the company a “buy” rating in a report on Thursday, January 9th. Deutsche Bank set a €19.00 ($22.09) price objective on shares of ArcelorMittal and gave the company a “buy” rating in a report on Wednesday, January 8th. Oddo Bhf set a €12.00 ($13.95) price objective on shares of ArcelorMittal and gave the company a “sell” rating in a report on Monday, September 23rd. Goldman Sachs Group set a €17.20 ($20.00) price objective on shares of ArcelorMittal and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Macquarie set a €16.10 ($18.72) price objective on shares of ArcelorMittal and gave the company a “buy” rating in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of €18.23 ($21.20).

ArcelorMittal has a twelve month low of €17.72 ($20.60) and a twelve month high of €30.76 ($35.77).

About ArcelorMittal

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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