ArcelorMittal SA (MT,) Receives $5.80 Average Target Price from Analysts
ArcelorMittal SA (NYSE:MT,) has been given a consensus rating of “Buy” by the twelve analysts that are currently covering the firm. Five research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $5.80.
MT, has been the subject of several research reports. RBC Capital Markets raised shares of ArcelorMittal SA from a “sector perform” rating to an “outperform” rating in a research note on Sunday, November 27th. Goldman Sachs Group, Inc. (The) cut shares of ArcelorMittal SA from a “buy” rating to a “neutral” rating in a research note on Thursday, October 13th. Royal Bank Of Canada raised shares of ArcelorMittal SA from a “sector perform” rating to an “outperform” rating in a research note on Friday, November 25th. Finally, Bank of America cut shares of ArcelorMittal SA from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 8th.
Shares of ArcelorMittal SA (NYSE:MT,) opened at 8.04 on Wednesday. The firm’s market capitalization is $24.59 billion. ArcelorMittal SA has a 1-year low of $2.93 and a 1-year high of $8.84. The firm has a 50-day moving average of $7.77 and a 200-day moving average of $6.54.
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ArcelorMittal SA Company Profile
ArcelorMittal SA (ArcelorMittal) is a holding company. The Company is an integrated steel and mining company. ArcelorMittal operates through five segments: NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining. The NAFTA segment produces flat, long and tubular products.
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