ArcelorMittal (AMS:MT) has been assigned a €17.00 ($19.77) target price by stock analysts at Barclays PLC in a note issued to investors on Monday. The firm presently has a “sell” rating on the stock. Barclays PLC’s target price suggests a potential downside of 27.94% from the stock’s previous close.

A number of other analysts also recently commented on MT. Royal Bank Of Canada set a €32.00 ($37.21) price target on ArcelorMittal and gave the company a “buy” rating in a research report on Tuesday, August 15th. UBS AG set a €30.00 ($34.88) price target on ArcelorMittal and gave the company a “buy” rating in a research report on Friday, November 10th. Deutsche Bank AG set a €31.00 ($36.05) price target on ArcelorMittal and gave the company a “buy” rating in a research report on Wednesday, November 1st. Citigroup Inc. set a €30.00 ($34.88) price target on ArcelorMittal and gave the company a “buy” rating in a research report on Thursday, September 28th. Finally, Morgan Stanley set a €26.50 ($30.81) price target on ArcelorMittal and gave the company a “buy” rating in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of €26.53 ($30.85).

Shares of ArcelorMittal (AMS:MT) opened at €23.59 ($27.43) on Monday. ArcelorMittal has a 52 week low of €17.72 ($20.60) and a 52 week high of €25.91 ($30.13).

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About ArcelorMittal

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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