Goldman Sachs Group set a €29.50 ($35.12) price target on ArcelorMittal (AMS:MT) in a research note released on Tuesday. The firm currently has a buy rating on the stock.

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.

WARNING: This story was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this story on another domain, it was illegally stolen and republished in violation of United States and international trademark & copyright law. The correct version of this story can be viewed at https://www.watchlistnews.com/arcelormittal-mt-given-a-29-50-price-target-at-goldman-sachs-group/1805235.html.

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)

Receive News & Ratings for ArcelorMittal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ArcelorMittal and related companies with Analyst Ratings Network's FREE daily email newsletter.