ArcelorMittal (AMS:MT) received a €24.00 ($28.24) price objective from equities research analysts at The Goldman Sachs Group in a research report issued on Thursday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock.
MT has been the subject of several other research reports. Morgan Stanley set a €21.00 ($24.71) target price on shares of ArcelorMittal and gave the stock a “buy” rating in a research note on Thursday, December 10th. JPMorgan Chase & Co. set a €15.00 ($17.65) target price on shares of ArcelorMittal and gave the stock a “neutral” rating in a research note on Tuesday, November 3rd. Jefferies Financial Group set a €23.00 ($27.06) target price on shares of ArcelorMittal and gave the stock a “buy” rating in a research note on Monday, January 4th. Kepler Capital Markets set a €16.00 ($18.82) target price on shares of ArcelorMittal and gave the stock a “buy” rating in a research note on Monday, November 9th. Finally, UBS Group set a €25.00 ($29.41) price objective on shares of ArcelorMittal and gave the company a “buy” rating in a research report on Thursday, January 7th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of €19.40 ($22.82).
ArcelorMittal has a twelve month low of €17.72 ($20.85) and a twelve month high of €30.76 ($36.19).
ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. The company's principal steel products include semi-finished flat products, such as slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, and tinplate and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products, including bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes.
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