ArcelorMittal (AMS:MT) has been given a €17.00 ($19.77) price objective by equities researchers at Deutsche Bank in a report released on Monday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock.
Other analysts have also issued research reports about the company. UBS Group set a €13.00 ($15.12) price target on ArcelorMittal and gave the company a “neutral” rating in a report on Tuesday, November 5th. Morgan Stanley set a €21.00 ($24.42) target price on ArcelorMittal and gave the stock a “buy” rating in a report on Tuesday, September 24th. Jefferies Financial Group set a €19.00 ($22.09) target price on ArcelorMittal and gave the stock a “buy” rating in a report on Thursday, November 7th. Macquarie set a €16.10 ($18.72) target price on ArcelorMittal and gave the stock a “buy” rating in a report on Tuesday, September 24th. Finally, Goldman Sachs Group set a €16.70 ($19.42) target price on ArcelorMittal and gave the stock a “buy” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of €19.63 ($22.83).
ArcelorMittal has a twelve month low of €17.72 ($20.60) and a twelve month 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 five segments: NAFTA, Brazil, Europe, ACIS, and Mining. The company produces finished and semi-finished steel products with various specifications.
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