ArcelorMittal (MT) Given a €30.00 Price Target by Jefferies Financial Group Analysts

ArcelorMittal (AMS:MT) has been assigned a €30.00 ($34.88) price target by Jefferies Financial Group in a research report issued to clients and investors on Tuesday, Borsen Zeitung reports. The firm currently has a “buy” rating on the stock.

Other research analysts also recently issued reports about the stock. Goldman Sachs Group set a €22.50 ($26.16) price objective on shares of ArcelorMittal and gave the company a “neutral” rating in a research note on Thursday, January 31st. Oddo Bhf set a €26.00 ($30.23) price objective on shares of ArcelorMittal and gave the company a “buy” rating in a research note on Wednesday, January 23rd. Bank of America set a €35.00 ($40.70) price objective on shares of ArcelorMittal and gave the company a “buy” rating in a research note on Wednesday, January 9th. JPMorgan Chase & Co. set a €26.50 ($30.81) price objective on shares of ArcelorMittal and gave the company a “buy” rating in a research note on Thursday, February 7th. Finally, UBS Group set a €23.00 ($26.74) price objective on shares of ArcelorMittal and gave the company a “neutral” rating in a research note on Wednesday, March 20th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of €31.86 ($37.05).

ArcelorMittal has a 52 week low of €17.72 ($20.60) and a 52 week high of €30.76 ($35.77).

ArcelorMittal Company Profile

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 NAFTA, Brazil, Europe, ACIS, and Mining segments. 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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