Jefferies Financial Group set a €15.00 ($17.44) target price on ArcelorMittal (AMS:MT) in a research report released on Monday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
A number of other analysts have also issued reports on MT. Oddo Bhf set a €17.00 ($19.77) price target on shares of ArcelorMittal and gave the stock a neutral rating in a research report on Friday, February 7th. Morgan Stanley set a €21.30 ($24.77) price target on shares of ArcelorMittal and gave the stock a buy rating in a research report on Thursday, January 9th. Goldman Sachs Group set a €21.00 ($24.42) price target on shares of ArcelorMittal and gave the stock a buy rating in a research report on Friday, February 7th. Deutsche Bank set a €19.00 ($22.09) price objective on ArcelorMittal and gave the stock a buy rating in a report on Wednesday, January 8th. Finally, Credit Suisse Group set a €29.00 ($33.72) price objective on ArcelorMittal and gave the stock a buy rating in a report on Monday, February 10th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. ArcelorMittal has a consensus rating of Buy and a consensus price target of €19.29 ($22.43).
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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