JPMorgan Chase & Co. set a €26.50 ($30.81) price objective on ArcelorMittal (AMS:MT) in a report published on Thursday. The firm currently has a buy rating on the stock.
Several other analysts also recently issued reports on MT. Goldman Sachs Group set a €22.50 ($26.16) price target on ArcelorMittal and gave the company a neutral rating in a research note on Thursday, January 31st. Jefferies Financial Group set a €32.00 ($37.21) price objective on ArcelorMittal and gave the company a buy rating in a report on Monday, February 4th. UBS Group set a €24.00 ($27.91) price objective on ArcelorMittal and gave the company a neutral rating in a report on Friday, November 9th. Cfra set a €27.00 ($31.40) price objective on ArcelorMittal and gave the company a buy rating in a report on Friday, November 2nd. Finally, Oddo Bhf set a €26.00 ($30.23) price objective on ArcelorMittal and gave the company a buy rating in a report on Wednesday, January 23rd. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of €32.89 ($38.25).
ArcelorMittal has a one year low of €17.72 ($20.60) and a one year high of €30.76 ($35.77).
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 NAFTA, Brazil, Europe, ACIS, and Mining segments. The company produces finished and semi-finished steel products with various specifications.
Recommended Story: How accurate is the Rule of 72?
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.