Shares of ArcelorMittal SA (NYSE:MT,) have earned a consensus rating of “Buy” from the nine brokerages that are presently covering the firm. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $5.80.
Separately, JPMorgan Chase & Co. reissued a “neutral” rating on shares of ArcelorMittal SA in a research note on Sunday, August 21st.
Shares of ArcelorMittal SA (NYSE:MT,) traded up 1.076% on Friday, hitting $6.105. 9,044,801 shares of the company were exchanged. The firm’s market cap is $18.67 billion. The company has a 50-day moving average price of $6.04 and a 200 day moving average price of $5.38. ArcelorMittal SA has a 52-week low of $2.93 and a 52-week high of $6.94.
About ArcelorMittal SA
ArcelorMittal SA (ArcelorMittal) is a holding company. The Company is an integrated steel and mining company. ArcelorMittal operates through five segments: NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining. The NAFTA segment produces flat, long and tubular products.
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