Arcelormittal SA’s Buy Rating Reaffirmed at Nomura (MT)

Arcelormittal SA (EU: MT)‘s stock had its “buy” rating restated by equities researchers at Nomura in a research report issued on Friday, AnalystRatings.Net reports. They currently have a €10.50 ($13.64) target price on the stock.

A number of other firms have also recently commented on MT. Analysts at Espirito Santo Investment Bank Research reiterated a “sell” rating on shares of Arcelormittal SA in a research note to investors on Tuesday, April 2nd. They now have a €6.84 ($8.88) price target on the stock. Analysts at Citigroup upgraded shares of Arcelormittal SA from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, March 14th.

Shares of Arcelormittal SA (EU: MT) opened at 12.45 on Friday. Arcelormittal SA has a one year low of $11.15 and a one year high of $17.99. The stock’s 50-day moving average is currently $12.63. The company’s market cap is $21.788 billion.

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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