Shares of ArcelorMittal (AMS:MT) have earned a consensus rating of “Buy” from the ten research firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is €19.40 ($22.82).
A number of equities analysts recently weighed in on the stock. Jefferies Financial Group set a €23.00 ($27.06) price objective on shares of ArcelorMittal and gave the stock a “buy” rating in a research report on Monday, January 4th. Kepler Capital Markets set a €16.00 ($18.82) price target on ArcelorMittal and gave the stock a “buy” rating in a research report on Monday, November 9th. The Goldman Sachs Group set a €24.00 ($28.24) target price on ArcelorMittal and gave the company a “buy” rating in a report on Thursday, December 17th. Morgan Stanley set a €21.00 ($24.71) price objective on shares of ArcelorMittal and gave the company a “buy” rating in a research note on Thursday, December 10th. Finally, JPMorgan Chase & Co. set a €15.00 ($17.65) price objective on shares of ArcelorMittal and gave the company a “neutral” rating in a report on Tuesday, November 3rd.
ArcelorMittal has a 1 year low of €17.72 ($20.85) and a 1 year 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.
Further Reading: Derivative
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