ArcelorMittal SA (AMS:MT) Receives €30.89 Average Target Price from Brokerages

Shares of ArcelorMittal SA (AMS:MT) have been given a consensus recommendation of “Buy” by the fourteen analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is €29.14 ($33.88).

A number of analysts have commented on MT shares. Kepler Capital Markets set a €23.00 ($26.74) price objective on ArcelorMittal and gave the stock a “buy” rating in a report on Wednesday, June 5th. Jefferies Financial Group started coverage on ADMA Biologics in a report on Tuesday, June 4th. They set a “buy” rating and a $8.00 price objective for the company. JPMorgan Chase & Co. reissued a “buy” rating and set a $69.00 price objective on shares of Daimler in a report on Friday. UBS Group reissued a “hold” rating and set a $130.00 price objective on shares of Continental in a report on Wednesday, May 15th. Finally, Deutsche Bank set a $81.00 price objective on Franco Nevada and gave the stock a “hold” rating in a report on Thursday.

ArcelorMittal has a twelve month low of €17.72 ($20.60) and a twelve month high of €30.76 ($35.77).

About ArcelorMittal

ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. It operates through five segments: NAFTA, Brazil, Europe, ACIS, and Mining. The company produces finished and semi-finished steel products with various specifications.

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Analyst Recommendations for ArcelorMittal (AMS:MT)

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