ArcelorMittal’s “Buy” Rating Reaffirmed at Kempen & Co (MT)

ArcelorMittal (EPA: MT)‘s stock had its “buy” rating reaffirmed by equities researchers at Kempen & Co in a research report issued on Tuesday, Stock Ratings Network reports. They currently have a €14.00 ($18.18) price objective on the stock.

Several other analysts have also recently commented on the stock. Analysts at BNP Paribas reiterated a “neutral” rating on shares of ArcelorMittal in a research note to investors on Tuesday, May 28th. They now have a €11.00 ($14.29) price target on the stock. Separately, analysts at HSBC cut their price target on shares of ArcelorMittal from €14.20 ($18.44) to €13.70 ($17.79) in a research note to investors on Tuesday, May 14th. They now have a “neutral” rating on the stock. Finally, analysts at Grupo Santander reiterated a “buy” rating on shares of ArcelorMittal in a research note to investors on Monday, May 13th. They now have a €14.20 ($18.44) price target on the stock.

Three research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of €13.39 ($17.39).

ArcelorMittal (EPA: MT) traded up 0.03% on Tuesday, hitting €9.833. ArcelorMittal has a 52-week low of €8.52 and a 52-week high of €13.755. The stock’s 50-day moving average is currently €12.0.

ArcelorMittal SA is a Luxembourg-based company involved in the mining and steel industry. In 2011, the Company had crude steel production of 91.

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