Citigroup Inc. set a €30.00 ($35.71) target price on ArcelorMittal SA (AMS:MT) in a research report sent to investors on Thursday morning. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also recently commented on MT. Morgan Stanley set a €26.50 ($31.55) price objective on ArcelorMittal SA and gave the company a buy rating in a research report on Tuesday, September 26th. Royal Bank Of Canada set a €32.00 ($38.10) price objective on ArcelorMittal SA and gave the stock a buy rating in a report on Tuesday, August 15th. Finally, Barclays PLC set a €17.00 ($20.24) target price on ArcelorMittal SA and gave the stock a sell rating in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of €19.08 ($22.71).

Shares of ArcelorMittal SA (AMS MT) opened at 21.825 on Thursday. The stock’s 50 day moving average price is €22.39 and its 200 day moving average price is €21.67. The stock has a market capitalization of €22.26 billion and a price-to-earnings ratio of 6.868. ArcelorMittal SA has a 12 month low of €14.94 and a 12 month high of €26.52.

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About ArcelorMittal SA

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 SA (AMS:MT)

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