ArcelorMittal (MT) Given a €29.50 Price Target at Goldman Sachs Group
Several other analysts have also weighed in on MT. Citigroup set a €30.00 ($35.71) price target on ArcelorMittal and gave the company a buy rating in a report on Thursday, September 28th. Jefferies Group set a €32.00 ($38.10) target price on ArcelorMittal and gave the stock a buy rating in a research note on Monday, November 13th. S&P Global set a €27.00 ($32.14) target price on ArcelorMittal and gave the stock a neutral rating in a research note on Monday, November 13th. Morgan Stanley set a €26.50 ($31.55) target price on ArcelorMittal and gave the stock a buy rating in a research note on Tuesday, September 26th. Finally, Deutsche Bank set a €33.00 ($39.29) target price on ArcelorMittal and gave the stock a buy rating in a research note on Monday, November 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of €29.29 ($34.87).
Shares of ArcelorMittal (MT) opened at €30.63 ($36.46) on Tuesday. ArcelorMittal has a twelve month low of €17.72 ($21.10) and a twelve month high of €30.76 ($36.62). The firm has a market capitalization of $31,080.00 and a price-to-earnings ratio of 9.57.
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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.
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