ArcelorMittal SA (MT) Receives Consensus Rating of “Buy” from Analysts

ArcelorMittal SA (AMS:MT) has earned an average recommendation of “Buy” from the fifteen brokerages that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is €32.53 ($37.82).

A number of analysts recently commented on MT shares. Goldman Sachs Group set a €23.00 ($26.74) target price on shares of ArcelorMittal and gave the stock a “neutral” rating in a report on Friday, February 22nd. Oddo Bhf set a €26.00 ($30.23) target price on shares of ArcelorMittal and gave the stock a “buy” rating in a report on Wednesday, January 23rd. JPMorgan Chase & Co. set a €26.50 ($30.81) target price on shares of ArcelorMittal and gave the stock a “buy” rating in a report on Tuesday, March 19th. Deutsche Bank set a €31.00 ($36.05) target price on shares of ArcelorMittal and gave the stock a “buy” rating in a research report on Thursday, January 10th. Finally, Kepler Capital Markets set a €30.00 ($34.88) target price on shares of ArcelorMittal and gave the stock a “buy” rating in a research report on Friday, March 15th.

ArcelorMittal has a fifty-two week low of €17.72 ($20.60) and a fifty-two 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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