ArcelorMittal (AMS:MT) Receives Average Rating of “Buy” from Analysts

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 Company Profile

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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