Morgan Stanley set a €27.60 ($32.47) price target on ArcelorMittal (AMS:MT) in a research report released on Tuesday. The brokerage currently has a buy rating on the stock.

A number of other equities analysts also recently issued reports on the stock. Credit Suisse Group set a €37.00 ($43.53) price objective on shares of ArcelorMittal and gave the stock a buy rating in a report on Wednesday, October 11th. Goldman Sachs Group, Inc. (The) set a €27.00 ($31.76) price objective on shares of ArcelorMittal and gave the stock a buy rating in a report on Wednesday, October 18th. Societe Generale set a €32.20 ($37.88) price objective on shares of ArcelorMittal and gave the stock a buy rating in a report on Friday, November 17th. UBS AG set a €30.00 ($35.29) price objective on shares of ArcelorMittal and gave the stock a buy rating in a report on Friday, October 20th. Finally, Deutsche Bank AG set a €31.00 ($36.47) target price on shares of ArcelorMittal and gave the stock a buy rating in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of €28.16 ($33.13).

ArcelorMittal (AMS:MT) opened at €24.45 ($28.76) on Tuesday. ArcelorMittal has a 1-year low of €17.72 ($20.85) and a 1-year high of €25.91 ($30.48).

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ArcelorMittal Company Profile

ArcelorMittal SA (ArcelorMittal) is a holding company. The Company, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia and Africa. ArcelorMittal operates through five segments, which include NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining.

Analyst Recommendations for ArcelorMittal (AMS:MT)

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